AFW Industries has 186 million shares outstanding and expects earnings at the end of this year of $705 million. AFW plans to pay out 62% of its earnings in total, paying 32% as a dividend and using 30% to repurchase shares. If AFW 's earnings are expected to grow by 8.6% per year and these payout rates remain constant, determine AFW's share price assuming an equity cost of capital of 12.1%.

The Price per share will be $___.__?