. Valence Electronics has 219 million shares outstanding. It expects earnings at the end of the year of $10 million Valence pays out 40% of its earnings in total -15% paid out as dividends and 25% used to repurchase shares. Valence's earnings are expected to grow by 7% per year these payout rates do not change and Valence's equity cost of capital is 10%, what is Valence's share price? O A $740 OB. $39.46 C. $4932 OD. $1480