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AFW Industries has 182 million shares outstanding and expects earnings at the end of this year of $727 million. AFW plans to pay out 63%

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AFW Industries has 182 million shares outstanding and expects earnings at the end of this year of $727 million. AFW plans to pay out 63% of its earmings in total, paying 40% as a dividend and using 23% to repurchase shares. If AFW's earnings are expected to grow by 7.9% per year and these payout rates remain constant, determine AFW's share price assuming an equity cost of capital of 11.4%. The price per share will be $ (Round to the nearest cent.)

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