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You expect KT industries ( KTI ) will have earnings per share of $ 3 this year and expect that they will pay out $

You expect KT industries(KTI) will have earnings per share of $ 3 this year and expect that they will pay out $ 1.00 of these earnings to shareholders in the form of a dividend. KTI's return on new investments is 16% and their equity cost of capital is 11%. The value of a share of KTI's stock is closest to: A.$ 120.12
B.$ 180.18
C.$ 300.30
D.$ 360.36

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