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AFW Industries has 205 milion shares outstanding and expects earnings at the end of this year of $652 million. AFW plans to pay out 84%

AFW Industries has 205 milion shares outstanding and expects earnings at the end of this year of $652 million. AFW plans to pay out 84% of its earnings in total, paying 31% as a dividend and using 33% to purchase shares AFW's eamings are expected to grow by 7.2% per year and these payout rates remain constant, determine AFW's share price assuming an equity cost of capital of 11.1% The price per share will be $5182.56. (Round to the nearest cent) C

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