IS DIT IS AFW Industries has 200 million shares outstanding and expects earnings at the end of this year of $670 million. AFW plans to pay out 59% of its earnings in total, paying 32% as a dividend and using 27% to repurchase shares. If AFW's earnings are expected to grow by 7.2% per year and these payout rates remain constant, determine AFW's share price assuming an equity cost of capital of 11.3%. The price per share will be $1. (Round to the nearest cent.)