Question Help Valence Electronics has 211 million shares outstanding. It expects earnings at the end of the year of $740 million. Valence pays out 40% of its earnings in total - 15% paid out as dividends and 25% used to repurchase shares. If Valence's camings are expected to grow by 5% per year, these payout rates do not change, and Valence's equity cost of capital is 10% what is Valence's share price? O A $4.21 OB. $28.06 OC. $22.45 OD. $8.42