Assume Highline Company has just paid an annual dividend of $1. Analysts are predicting an 10% per year growth rate in earnings over the next three years. After then Highline's earnings are expected to grow at the current industry average of 3% per year. If Highline's equity cost of capital is 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)