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Zoom Enterprises expects that one year from now it will pay a total dividend of $5.2 million and repurchase $5.2 million worth of shares. It plans to spend $10.4 million on dividends and repurchases every year after that forever, although it may not always be an even split between dividends and repurchases. If Zoom's equity cost of capital is 12.7% and it has 5.2 million shares outstanding, what is its share price today? The price per share is $. (Round to the nearest cent.) Shatin Intl. has 10.2 million shares, an equity cost of capital of 12.5% and is expected to pay a total dividend of $20.6 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 $10.1 million of stock each year as well. What is your estimate of Shatin's stock price after this announcement? The stock price will be $. (Round to the nearest cent.) AFW Industries has 218 million shares outstanding and expects earnings at the end of this year of $676 million. AFW plans to pay out 65% of its earnings in total, paying 40% as a dividend and using 25% to repurchase shares. If AFW's earnings are expected to grow by 7.8% per year and these payout rates remain constant, determine AFW's share price assuming an equity cost of capital of 11.1%. The price per share will be $. (Round to the nearest cent.)