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A company has a book value of equity of $262 million, an expected ROCE of 15%...

A company has a book value of equity of $262 million, an expected ROCE of 15% and a cost of equity capital of 15.3%. What is the company's market value of equity if its dividend payout ratio is 80% and its long-run growth rate in residual earnings is 3% p.a.?
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