Maynard Steel plans to pay a dividend of $3.15 this year. The company has an expected earnings growth rate of 3.5% per year and an equity cost of capital of 9.2% a. Assuming that Maynard's dividend payout rate and expected growth rate remain constant, and that the firm does not issue or repurchase shares, estimate Maynard's Chi share price b. Suppose Maynard decides to pay a dividend of $1.05 this year and use the remaining $2.10 per share to repurchase shares. It Maynard's total payout rate remains 03/ constant, estimate Maynard's share price ed: 03/ 2. Assuming that Maynard's dividend payout rate and expected growth rato remain constant, and that the fim does not issue or repurchase shares, estimate Maynard's share price Core: 709 Maynard's share price will be $ 55.26 (Round to the nearest cent) Unl b. Suppose Maynard decides to pay a dividend of $1,05 this year and use the remaining 52.10 per share to repurchase shares. If Maynard's total payout rate romains constant, estimate Maynard's share price Questio Maynard's share price will be (Round to the nearest cent) tion 1 (1/1)