Question: How do you solve this step by step You expect KT industries (KTI) will have earnings per share of $6 this year and expect that

How do you solve this step by step

You expect KT industries (KTI) will have earnings per share of $6 this year and expect that they will pay out $1.25 of these earnings to shareholders in the form of a dividend. KTI's return on new investments is 15% and their equity cost of capital is 14%. The value of a share of KTI's stock is closest to: A. $3529 B. $58.82 C. $70.58 D. $23.53

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