Valence Electronics has 210 million shares outstanding. It expects earnings at the end of the year of 740 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 7% per year, these payout rates do not change, and Valence's equity cost of capital is 8%, what is Valence's share price?