Valence Electronics has 209 million shares outstanding. It expects earnings at the end of the year of $700 million. Valence pays out 40% of its eamings in total -15% paid out as dividends and 25% used to repurchase shares. If 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 8%, what is Valence's share price? A. $107,18 B. $20.10 C. $40.19 D. $133.97