thank you. +like

Sultan Services has 1.4 million shares outstanding. It expects earnings at the end of the year of $5.60 million. Sulton 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 ratos do not change, and Sultan's equity cost of capital is 9%, what is Sultan's share price? O A. $24.00 B. $36.00 C. 560.00 D. $12.00