Valence Electronics has 247 million shares outstanding. It expects earnings at the end of the year of $830 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 5% per year, these payout rates do not change, and Valence's equity cost of capital is 10%, what is Valence's share price? A. $21.50 OB. $26.88 O C. $4.03 OD. $8.06