AbC industries has 217 million shares outstanding and expects earnings at the end of this yearof 655 million ABC plans to play out 63% of its earnings in total,paying 32% as a dividend and using 31% to repurchase shares. If ABCs earnings are expected to grow by 8.7% per year and these payouts rates remain constant, Determine ABC share price assuming anequity cost of capital 11.8%.find the price per share.. step by step please