4. The International House of Waffles Corporation (IHOW), a nationwide chain of casual restaurants specializing in waffles, has 125 million shares outstanding and analysts expect IHOW to have IHOW plans to pay out 40% of its earnings in dividends and they expect to use another 20% of their earnings to repurchase shares. IHOW's equity cost of capital is 15%. Its earnings are expected to grow at a rate of 3% per year and these payout rates are expected to remain constant. What is the value of one share of IHOW stock today? earnings of $500 million this coming year (t-1) Price of one share of IHOW stock: 4. The International House of Waffles Corporation (IHOW), a nationwide chain of casual restaurants specializing in waffles, has 125 million shares outstanding and analysts expect IHOW to have IHOW plans to pay out 40% of its earnings in dividends and they expect to use another 20% of their earnings to repurchase shares. IHOW's equity cost of capital is 15%. Its earnings are expected to grow at a rate of 3% per year and these payout rates are expected to remain constant. What is the value of one share of IHOW stock today? earnings of $500 million this coming year (t-1) Price of one share of IHOW stock