Aaron Inc. has 328 million shares outstanding. It expects earnings at the end of the year to be $556 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 7% per year, what is Aaron's share price? OA. $16.95 B. $8.48 O C. $25.43 D. $33.9

Aaron Inc. has 328 million shares outstanding. It expects earnings at the end of the year to be $556 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 7% per year, what is Aaron's share price? A. $16.95 B. $8.48 C. $25.43 D. $33.9