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Question 20 1 pts Dublin Brewers has 43 million shares outstanding and expects earnings at the end of this year of $111 million, Dublin plans
Question 20 1 pts Dublin Brewers has 43 million shares outstanding and expects earnings at the end of this year of $111 million, Dublin plans to pay out 40% of its earnings as a dividend and 10% of its earnings through share repurchases. The firm has an equity cost of capital of 14%. If Dublin's earnings are expected to grow by 70 per year and these payout rates remain constant, what is Dublin's share price? Round to 2 decimal places.le. 1.00 for $1.00 per share
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