AFW Industries has 211 million shares outstanding and expects earnings at the end of this year of $652 million. AFW plans to pay out 58% of its earnings in total, paying 30% as a dividend and using 28% to repurchase shares. If AFW's earnings are expected to grow by 8.3% per year and these payout rates remain constant, determine AFW's share price assuming an equity cost of capital of 11.2%. The price per share will be $ (Round to the nearest cent.)

AFW Industries has 211 million shares outstanding and expects earnings at the end of this year of $652 million. AFW plans to pay out 58% of its earnings in total, paying 30% as a dividend and using 28% to repurchase shares If AFWs earnings are expected to grow by 8.3% per year and these payout rates remain constant, determine AFW's share price assuming an equity cost of capital of 11.2%. The price per share will bes (Round to the nearest cent.)