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What is footbook share price

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Footbook.com has 2.1 million shares outstanding. It expects earnings at the end of the year of $41.8 million. Footbook pays 30% of earnings as dividends and 20% of earnings are used to repurchase shares. What is Footbook's share price if earnings are expected to grow by 9% per year, these payout rates do not change, and the equity cost of capital is 14%?

Reference no: EM133001199

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