Calculate the tolo cos price per share today

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Tolo Co. plans the following repurchases: $9.5 million in one? year, nothing in two years, and $19.1 million in three years. After that, it will stop repurchasing and will issue dividends totaling $25.2 million in four years.

The total paid in dividends is expected to increase by 3.1% per year thereafter.

If Tolo has 1.9 million shares outstanding and an equity cost of capital of 10.7%, what is its price per share today?

Reference no: EM132031607

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