Sultan Services has 1.1 million shares outstanding. It expects earnings at the end of the year of $5.30 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 7% per year, these payout rates do not change, and Sultan's equity cost of capital is 10%, what is Sultan's share price? A $38.54 OB557.12 C. 519.27 OD 596.30 AT 3