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AFW Industries has 178 million shares outstanding and expects earnings at the end of this year of $715 million. AFW plans to pay out 60%

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AFW Industries has 178 million shares outstanding and expects earnings at the end of this year of $715 million. AFW plans to pay out 60% of its earnings in total, paying 38% as a dividend and using 22% to repurchase shares. If AFW's earnings are expected to grow by 7.3% per year and these payout rates remain constant, determine AFW's share price assuming an equity cost of capital of 11.5%. The price per share will be $ (Round to the nearest cent.)

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