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Assume Highline Company has just paid an annual dividend of $1.05. Analysts are predicting an 10.9% per year growth rate in earnings over the next

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Assume Highline Company has just paid an annual dividend of $1.05. Analysts are predicting an 10.9% per year growth rate in earnings over the next five years. After then, Highine's earnings are expected to grow at the current industry average of 4.8% per year. If Highline's equity cost of capital is 9.1% per year and its dividend payout ratio remains constant, for what price does the dividend-discount model predict Highline stock should seli

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