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Valence Electronics has 2 0 2 million shares outstanding. It expects earnings at the end of the year of $ 8 0 0 million. Valence
Valence Electronics has million shares outstanding. It expects earnings at the end of the year of $ million. Valence pays out of its earnings in total paid out as dividends and used to repurchase shares. If Valence's earnings are expected to grow by per year, these payout rates do not change, and Valence's equity cost of capital is what is Valence's share price?
A $
B $
C $
D $
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