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Aaron Inc. has 331 million shares outstanding. It expects earnings at the end of the year to be $629 million. The firm's equity cost of

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Aaron Inc. has 331 million shares outstanding. It expects earnings at the end of the year to be $629 million. The firm's equity cost of capital is 11%, 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 phoe? m or to 2 O A $15.84 OB $31.68 C$7.92 OD. $23.70 AT mile 3

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