Homework: Lab 7 Save Score: 0 of 1 pt 11 of 15 (14 complete) HW Score: 81.67%, 12.25 of 15 pts Exercise 7-22 Question Help Shatin Intl. has 10 million shares, an equity cost of capital 15%, and is expected to pay a total dividend of $25 million each year forever. It announces that it will increase its payout to shareholders. Instead of increasing its dividend, it will keep it constant and will start repurchasing $10 million of stock each year as well. How much will its stock price increase? The stock price will increase by $ (Round to the nearest cent.)