Chittenden Enterprises has 625 million shares outstanding. It expects earnings at the end of the year to be $990 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 a constant 5% per year, what is Chittenden's share price? O A $4.75 B $7.92 C. $15.84 11 12 13 14 15 16 D. $31.68