19) You expect that Bean Enterprises will have earnings per share of $2 for the coming year. Bean 19) plans to retain all of its earnings for the next three years. For the subsequent two years, the rm plans on retaining 50% of its earnings. It will then retain only 25% of its earnings from that point forward. Retained earnings will be invested in projects with an expected return of 20% per year. If Bean's equity cost of capital is 12%, then the price of a share of Bean's stock is closest to: A) $43.50 B) $10.75 C) $27.75 D) $17.00