Sultan Services has million shares outstanding. It expects earnings at the end of the year of 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$$ Sultan's equity cost of capital is $9\%,$ what is$$ Sultan's share$$ price?

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Part $1$

A$.$$ $13\mathrm{.}33$

B$.$$ $40$

C$.$$ $26\mathrm{.}67$

D$.$$ $66\mathrm{.}67$