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Valence Electronics has 234 million shares outstanding. It expects earnings at the end of the year of $730 milion Valence pays out 40% of its

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Valence Electronics has 234 million shares outstanding. It expects earnings at the end of the year of $730 milion Valence pays out 40% of its earnings in total - 15% pald out as dividends and 25% used to repurchase shares of Valence's earnings are expected to grow by 6% per year these payout rates do not change, and Valence's equity cost of capital is 10%, what is Valence's share price? O A $2496 OB. 531 20 OC.59.36 OD. $468

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