Aaron Inc Has 316 Million Shares Outstanding

Aaron Inc. has 316 million shares outstanding. It expects earnings at the end of the year to be $602 million. The firm's equity cost of capital is 11.5%. Aaron pays out 50% of its earnings in total: 30% paid out as dividends and 20% used to repurchase shares. If Aaron's earnings are expected to grow at a constant 6% per year, what is Aaron's share price?

A) $34.64
B) $8.66
C) $25.98
D) $17.32