Valence Electronics has 216 million shares outstanding. It expects earnings at the end of the year of $720 million. Valence pays out 40% of its earnings in total - 15% Velence's equity cost of capital is 10%, what is Valence's share price? paid out as dividends and 25% used to repurchase shares. Valence's ournings are expected to grow by 6% per year, these payout raton do not change, and O A $26.66 OB $5.00 O C. $33.33 OD $10.00