AFW Industries has $192$ million shares outstanding and expects earnings at the end of this year of $ $654$ million. AFW plans to pay out $62\%$ of its earnings in$$ total, paying $30\%$ as a dividend and using $32\%$ to repurchase shares. If$$ AFW's earnings are expected to grow by $8\mathrm{.}4\%$ per year and these payout rates remain$$ constant, determine$$ AFW's share price assuming an equity cost of capital of $11\mathrm{.}7\%.$

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Part $1$

The price per share will be $$$

$$

$($Round to the nearest$$ cent.$)$