Business

2 April, 15:16

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 %

+1

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find 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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

A multinational enterprise is defined as a company that A. has stock that is publicly traded in many countries. B. controls production assets in more than one country. C. has board members from a variety of countries. D.

A firm is producing an output such that the benefit from one more unit is more than the cost of producing that additional unit. this means the firm is

Prepare journal entries for Buffalo to record (1) the sale on March 10, 2020, (2) the return on March 25, 2020, and (3) any adjusting entries required on March 31, 2020 (when Buffalo prepares financial statements).

Who was the general manager of the ritz carlton in phoenix when they won the baldrige national quality reward?

The production department of Priston Company has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year.

New Questions in Business

Your brother has asked you for a loan and has promised to pay you $9,800 at the end of three years. If you normally invest to earn 6.

A retail space was leased for $1,200 per month; the owner also pays the shopping center 8% of gross income which is $50,000 monthly. how much does the owner pay annually?

Robinson Company had a net deferred tax liability of $34,000 at the beginning of the year, representing a net taxable temporary difference of $100,000 (taxed at 34 percent). During the year, Robinson reported pretax book income of $400,000.

Your client wants to transfer $500 from their checking account into a savings account to cover tax liabilities for sales made last month. Where should they start the process?

While working out at the gym you hear a group of individuals making obscene remarks about your body. You feel like you are being sexually harassed. Which of the following is a technique to deal with sexual harassment?