$22.$

Valence Electronics has $250$ million shares outstanding. It expects earnings at the end of the year of $$760$ million. Valence pays out $40\%$ of its earnings in total $-15\%$ paid out as dividends and $25\%$ used to repurchase shares. If Valence's earnings are expected to grow by $5\%$ per year, these payout rates do not change, and Valence's equity cost of capital is $9\%,$ what is Valence's share price?

A$.$ $$9\mathrm{.}12$

B$.$ $$4\mathrm{.}56$

C$.$ $$24\mathrm{.}32$

D$.$ $$30\mathrm{.}40$