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AFW Industries has 1 9 5 million shares outstanding and expects earnings at the end of this year of $ 6 5 1 million. AFW
AFW Industries has million shares outstanding and expects earnings at the end of this year of $ million. AFW plans to pay out of its earnings in total, paying as a dividend and using to repurchase shares. If AFWs earnings are expected to grow by per year and these payout rates remain constant, determine AFW's share price assuming an equity cost of capital of
The price per share will be $Round to the nearest cent.
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