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AFW Industries has 186 million shares outstanding and expects earnings at the end of this year of $731 million. AFW plans to pay out 58%

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AFW Industries has 186 million shares outstanding and expects earnings at the end of this year of $731 million. AFW plans to pay out 58% of iti eamings in total, paying 33% as a dividend and using 25% to repurchase shares. If AFWrs earnings are expected to grow by 7.5 per year and. these payout rates remain constant, detemine AFWre share price assuming an equity cost of capital of 12.6% The price per share will be $ (Round to the nearest cent)

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