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Sultan Services has 1 million shares outstanding. It expects earnings at the end of the year of $5.50 milion. Sultan pays out 60% of its

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Sultan Services has 1 million shares outstanding. It expects earnings at the end of the year of $5.50 milion. Sultan pays out 60% of its earnings in total - 40% paid out as dividends and 20% used to repurchase shares. If Sultan's earnings are expected to grow by 5% per year, these payout rates do not change, and Sultan's equity cost of capital is 10%, what is Sultan's share price? O A. $13.20 OB. $66.00 O c. $26.40 OD $39.60 A stock is expected to pay $2.00 per share every year indefinitely and the equity cost of capital for the company is 7%. What price would an investor be expected to pay per share ten years in the future? O A $42.86 OB. $7143 OC. $28.57 OD. $57.14

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