Aaron Inc. has 350 million shares outstanding. It expects earnings at the end of the year to be $562 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 6% per year, what is Aaron's share price? A. $30.11 5 OB. $10.04 O C. $20.07 O D. $40.14

Aaron inc has 350 milion shares eutstanding it expects eamings at the end of the year to be $562 milion. The frmis equity cost of capital is 10%. Aaron pays out 50% of its eamings in latal 30s. pad oul as dividends and 20\% used to reporchase shares. It Aarchis earmings ave eapectod to gow at a constant 6% per your, what is Aaroc's share proe? A. 53011 B. 510.04 c. 120.07 D. 54014