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Sultan Services has 1,4 million shares outstanding. It expects earnings at the end of the year of $5.90 million Sultan pays out 60% of its

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Sultan Services has 1,4 million shares outstanding. It expects earnings at the end of the year of $5.90 million 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 6% per year, these payout rates do not change, and Sultan's equity cost of capital is 10%, what is Sultan's share price? OA $25 28 OB. $1264 OC. 563.21 OD. $3793 Co see your answer build you Type here to search tip 2 40 @ # 2 3 4 % 5 & 6 CO 7 Q W E R . Y

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