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AFW Industries has 210 million shares outstanding and e paying 34% as a dividend determine AFws share price assuming an equity cost of capital of

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AFW Industries has 210 million shares outstanding and e paying 34% as a dividend determine AFws share price assuming an equity cost of capital of 112% xpects earnings at the end of this yearof S683 mi lion. AFW plans to pay out 59% of its earnings in total, and using 25% to repurchase shares AFWs earnings are expected to grow by 72% per year and these payout rates remain constant The price per share will be (Round to the nearest cent.)

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