Flinders Corporation's Shares Currently Cost $32

Multiple Choice

Flinders Corporation's shares currently cost $32.00,and it has 80 million shares outstanding.If it pays out 70% of its earnings in total and its equity cost of capital is 10 percent,what are Flinders' earnings,given that these earnings are expected to grow by 5% per year in the future?

A) $73.14 million
B) $85.33 million
C) $120.64 million
D) $182.86 million
E) $206.32 million