In the following questions, unless otherwise stated, assume that all cash flows are end-of-the-period cash flows. Time R Attempt 55 Min Question 9 1 pts Equity analysts expect the earnings per share of CCL Ltd to be $3.00 next year. The company has typically retained 40% of its earnings and this policy is expected to continue in the foreseeable future. The company's earnings and dividends are expected to grow at a constant rate of 4% p.a. If the company's required rate of return is 10% p.a., the current share price should be closest to: $30.00 $31.80. $20.80. O $20.00