Question: Zoom Enterprises expects that one yaar from now it will pay a total dividend of $4.7million and repurchase $4.7 milion worth of shares. It plans

Zoom Enterprises expects that one yaar from now it will pay a total dividend of $4.7million and repurchase $4.7 milion worth of shares. It plans to spend $9.4 million on dividends and repurchases every year aher that forever, although it may not alwoys be an even split between dividends and repurchases. If Zoom's equity cost of capital is 13.4% and it has 5.4 milion shares outstanding. what is its share price fodoy? The price per share is : (Pound to the nearest cent)

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