AFW Industries has $197$ million shares outstanding and expects earnings at the end of this year of $$686$ million. AFW plans to pay out $64\%$ of its earnings in$$ total, paying $34\%$ as a dividend and using $30\%$ to repurchase shares. If$$ AFW's earnings are expected to grow by $8\mathrm{.}5\%$ per year and these payout rates remain$$ constant, determine$$ AFW's share price assuming an equity cost of capital of $12\mathrm{.}2\%.$

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Part $1$

The price per share will be $$$enter your response here. $($Round to the nearest$$ cent.$)$