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Aaron Inc. has 3 0 7 million shares outstanding. It expects earnings at the end of the year to be $ 5 7 0 million.

Aaron Inc. has 307 million shares outstanding. It expects earnings at the end of the year to be $570 million. The firm's equity cost of capital is 10%. Aaron pays out 50% of its earnings in total: 30% paid out as dividends and 20% used to repurchase shares. If Aaron's earnings are expected to grow at a constant 5% per year, what is Aaron's share price?
A. $9.29
B. $27.86
C. $18.57
D. $37.14
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