16 of 20 (18 complete) W Score: 90%, 18 of 20 pts Score: 0 of 1 pt P 7-20 (similar to) is Question Help Assume Highline Company has just paid an annual dividend of $0.99. Analysts are predicting an 11.8% per year growth rate in earnings over the next five years. After then, Highline's earnings are expected to grow at the current industry average of 4.9% per year. If Highline's equity cost of capital is 7.9% per year and its dividend payout ratio remains constant, for what price does the dividend-discount model predict Highline stock should sell? The value of Highline's stock is $ . (Round to the nearest cent)