AFW Industries has 214 million shares outstanding and expects earnings at the end of this year of $ 723 million. AFW plans to pay out 59 % of its earnings in total, paying 40 % as a dividend and using 19 % to repurchase shares. If AFW's earnings are expected to grow by 8.4 % per year and these payout rates remain constant, determine AFW's share price assuming an equity cost of capital of 11.2 %
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “AFW Industries has 214 million shares outstanding and expects earnings at the end of this year of $ 723 million. AFW plans to pay out 59 % ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The coffee counter charges "$11.00" per pound for kenyan french roast coffee and "$13.00" per pound for sumatra coffee. How much of each type should be used to make a 22 pound blend that sells for $12.00 per pound
Answers (1)
Read the following stock quote. how much is this stock worth? did it increase or decrease on this day? ford motor company common stock (nyse: f) 14.09.06 (3.9 percent) 1: 11pm edt a. $14.09, decreaseb. 0.06, decreasec. $14.09; increased. $3.
Answers (1)
Pix Company has the following production data for March: no beginning work in process, units started and completed 26,500, and ending work in process 3,200 units that are 100% complete for materials and 40% complete for conversion costs.
Answers (1)
Suppose your company needs $16 million to build a new assembly line. Your target debt-equity ratio is. 7. The flotation cost for new equity is 9 percent, but the flotation cost for debt is only 6 percent.
Answers (1)
Direct effects of fdi arise when jobs are created in local suppliers as a result of the fdi and when jobs are created because of increased local spending by employees of the mne. a. True b. False
Answers (1)
New Questions in Business
Stock dividends Select one: a. Have the same effects on financial statements as cash dividends. b. Are similar to stock splits in that they do not change the fundamental position of current shareholders. c. Must be accompanied by cash dividends. d.
Answers (1)
What is the current u. s. population? what is the current world population? considering those numbers, do you think the united states is in a population crisis? do we have enough land and resources to support a continuous increase in population?
Answers (1)
Distinguish between individual and market demand for a commodity
Answers (1)
What type of driver's license is class A
Answers (2)
Amalgamation can be expressed as A+B+C=A True Or False ?
Answers (2)