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AFW industries has 176 million shares outstanding and expects eamings at the end of this yeur of $711mli. dividend and using 20% to repurchase shares.
AFW industries has 176 million shares outstanding and expects eamings at the end of this yeur of $711mli. dividend and using 20% to repurchase shares. If AFW's earnings are expected to grow by 7.5% per year and these payout rates remain constant, determine AFW's share price astumne en equity cost of capital of 12.3%. The price per share will ber $ (Round to the nearest cent.)
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