Aaron Inc. has 315 million shares outstanding. It expects earnings at the end of the year to be $583 million. The firm's equity cost of capital is 12%. 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. $19.83 B. $26.44 C. $13.22 $6.61 O D.

Aaron lhe has 315 milion shares outstariding it expects eavnings at the end of the year to be 5563 milion. The firm's equity cost of cepital is 12% Aaron pays out 50% of its eumings A. 519,69 Q. 526.44 c. 513.27 D. $6.61