Question: Hello! please answer all parts to the question clearly please its sometimes hard to understand the experts please thank you! provide the answer TO EACH
Hello! please answer all parts to the question clearly please its sometimes hard to understand the experts please thank you!
provide the answer TO EACH QUESTION CLEARLY please!!!
PLEASE CLEARLY LABLE THE ANSWER
AFW Industries has 216 million shares outstanding and expects earnings at the end of this year of $658 million. AFW plans to pay out 58% of its earnings in total, paying 37% as a dividend and using 21% to repurchase shares. If AFW's earnings are expected to grow by 8.1% per year and these payout rates remain constant, determine AFW's share price assuming an equity cost of capital of 12.3%. The price per share will be $ . (Round to the nearest cent.)
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