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Locm Enterphives expects that one year from now it will pay a lotal dividend of $4.6 million and repurchase $4.6mi ion worth of shares. If

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Locm Enterphives expects that one year from now it will pay a lotal dividend of $4.6 million and repurchase $4.6mi ion worth of shares. If plans to spend $9.2 milion on dividends and repurchases every year affor that forever, although it may not thways be an even splt between dividends and repurchases. If Zoomis equity cost of cogitat is 13 . 1146 and at has 4.7 milion thares outatinding. what is its thare price todny? The price per share is 1 (Rosind to tie nearest cent)

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