AFW Industries has 225 million shares outstanding and expects earnings at the end of this year of $681 million AFW plans to pay out 60% of its earnings in total paying 38% as a dividend and using 22% to repurchase shares. If AFWs earnings are expected to grow by 7.7% per year and these payout rates remain constant, determine AFWs share price assuming an equity cost of capital of 12.6% The price per share will be $