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AFW Industries has 194 million shares outstanding and expects earnings at the end of this year of $655 million. AFW plans to pay out 59%
AFW Industries has 194 million shares outstanding and expects earnings at the end of this year of $655 million. AFW plans to pay out 59% of its earnings in total paying 36% as a dividend and using 23% to repurchase shares. FI s earnings are expected to grow by 84% e,year and these a trae ema contant. determine AFW's share price assuming an equity cost of capital of 11.5%
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