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AFW Industries has 181 million shares outstanding and expects earnings at the end of this year of $729 milion. AFW plans to pay out 65%

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AFW Industries has 181 million shares outstanding and expects earnings at the end of this year of $729 milion. AFW plans to pay out 65% of its earnings in total paying 35% as a dividend and using 30% to repurchase shares. I AFW samnings are expected to grow by 7.6% per year and these payout rates remain constant determine AFW's share price assuming an equity cost of capital of 12.99 The price per share will be $ {Round to the nearest cent) Er an 5 bil F V FU 4 Enter your answer in the answer box and then click Check Answer All parts showing ? ow Clear All Check

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