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Chittenden Enterprises has 618 million shares outstanding It expects earnings at the end of the year to be $910 million. The firm's equity cost of

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Chittenden Enterprises has 618 million shares outstanding It expects earnings at the end of the year to be $910 million. The firm's equity cost of capital is 8% Chittenden pays out 30% of its earnings in total: 20% paid out as dividends and 10% used to repurchase shares. If Chittenden's earnings are expected to grow at constant 4% per year, what is Chittenden's share price? O A $1104 B. $552 OC. $331 OD $2208

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