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Sultan Services has 15 million shares outstanding. It expects earnings at the end of the year of 85 80 million Sultan pays out 60% of

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Sultan Services has 15 million shares outstanding. It expects earnings at the end of the year of 85 80 million Sultan pays out 60% of ts earnings in total 40% paid out as dividends and 20% used to repurchase shares. If Sultan's earrings are expected to grow by 5% per year, these payout rates do not change, and Sultan's equity cost of capital is 9% what is Sultan's share price? O A, 523 20 OB 534 80 OC. 558.00 OD. $1160

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