AFW Industries has 201 million shares outstanding and expects earnings at the end of this year of $734 million. AFW plans to pay out 62% of its earnings in total, paying 40% as a dividend and using 22% to repurchase shares. If AFW's earnings are expected to grow by 8.5% per year and these payout rates remain constant, determine AFW's share price assuming an equity cost of capital of 12.3%.