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Sultan Services has 1 million shares outstanding. It expects earings at the end of the year of $5.40 million. Sultan pays out 60% of its

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Sultan Services has 1 million shares outstanding. It expects earings at the end of the year of $5.40 million. Sultan pays out 60% of its earnings in total 40% paid out as dividends and 20% used to repurchase shares. If Sultan's earings are expected to grow by 6% per year, these payout rates do not change and Sultan's equity.com of capital is 9%, what is Sultan's share price? O o e A. $108.00 OB $64.80 OC. $43.20 D. $21.60

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