K Valence Electronics has 207 million shares outstanding. It expects earnings at the end of the year of $800 million. Valence pays out 40% of its earnings in total-15% paid out as dividends and 25% used to repurchase shares. If Valence's earnings are expected to grow by 6% per year, these payout rates do not change, and Valence's equity cost of capital is 8%, what is Valence's share price? d D A. $11.59 B. $77.29 C. $23.19 OD. $61.83 Next am 1757 APR 13 X 28 M A