4. Becko Enterprises will have eamings per share of $3 for the coming year. The company plans to retain all of its earnings for the next four years. Retained earnings will be invested in projects with an expected return of 20% per year. In years 5 and 6 , the firm plans on retaining 50% of its earnings. After that, it will retain only 25% of its earnings. If Becko's equity cost of capital is 12%, what is the current price of a share of Becko's stock? Use the dividend discount model of valuation. You may find the table below helpful in ordering your calculations