valence electronics has 210 million shares outstanding. it expects earnings at the end of the hear of $760 million. valence pays out 40% of its earnings in total - 15% paid out as dividends and 25% used to repurchase shares. if valences earnings are expected to grow by 5% per year, these payout rates do not change, and balences equity cost kf capital is 9%, what is valences share price?