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please answer neatly AFW Industries has 201 miltion shares outstanding and expects earnings at the end of this year of $720 million. AFW plans to
please answer neatly
AFW Industries has 201 miltion shares outstanding and expects earnings at the end of this year of $720 million. AFW plans to pay out 55%, af its aarnings in total, paying 38% as a dividend and using 17% to repurchase shares. If AFW's eamings are oxpected to grow by 8.9% per year and these payout rates remain constant, determine AFW's share price assuming an equity cost of capital of 11.5%. The price per share wili be $ (Round to the nearest cent) Step by Step Solution
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