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AFW Industries has 183 million shares outstanding and expects earnings at the end of this year of 5664 milion AFW plans to pay out 57%
AFW Industries has 183 million shares outstanding and expects earnings at the end of this year of 5664 milion AFW plans to pay out 57% of its earnings in total, paying 36% as a dividend and using 21% to repurchase shares. If AFWs earnings are expected to grow by 73% per year and these payout rates remain constant, determine AFWs share price assuming an equity cost of capital of 12.4% The price per share will be s (Round to the nearest cent) st
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