Assume Highline Company has just paid an annual dividend of \$3. Anabsts are predicting an 11% per year growh rate in eamings over the neat three years. Aller then, Highline is eamings are expected to grow at the current industry averege of 4% per year. If Highline's equity cost of capital is 8% per year and is dividend payout raso remans constant, for what price does the dividend-discount model predict Highiline stock should sol? The value of Highline's stock is 4 (Round to the nearest cent)