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Hi, I need help with this Footbook.com has 1.2 million shares outstanding. It expects earnings at the end of the year of $46.6 million. Footbook

Hi, I need help with this

Footbook.com has 1.2 million shares outstanding. It expects earnings at the end of the year of $46.6 million. Footbook pays 40% of earnings as dividends and 10% of earnings are used to repurchase shares. What is Footbooks share price if earnings are expected to grow by 8% per year, these payout rates do not change, and the equity cost of capital is 15%?

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