Valence Electronics has $201$ million shares outstanding. It expects earnings at the end of the year of $$760$ million. Valence pays out $40\%$ of its earnings in total$-15\%$ paid out as dividends and $25\%$

used to repurchase shares. If Valence's earnings are expected to grow by $5\%$ per year, these payout rates do not change, and Valence's equity cost of capital is $9\%,$ what is Valence's share price?

A$.$ $$5\mathrm{.}67$

B$.$ $$30\mathrm{.}25$

C$.$ $$11\mathrm{.}34$

D$.$ $$37\mathrm{.}81$