please help andwer the problem 9%, 10.8 of 120 p...
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please help andwer the problem
9%, 10.8 of 120 p P 7-23 (similar to) Question Help Zoom Enterprises expects that one year from now it will pay a total dividend of $47 million and repurchase $4.7 million worth of shares. It plans to spend 59.4 milion on dividends and repurchases every year after that forever, although it may not always be an even split between dividends and repurchases Zoom's equity cost of capital is 13 5% and it has 52 million shares outstanding, what is its share price today? The price per share is $. (Round to the nearest cent)

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