Assume Highline Company has just paid an annual dividend of $1.07. Analysts are predicting an 10.6% per year groveh rate in eamings over the next five years. Ater then. Highline's eamings are expected to grow at the current industry average of 5.5% per year. If Highline's equity cost of capiak is 8.1% per year and its dividend payout rato remains constant; for what price does the dividend-discount moded predict Highilne stock should sell? The value of Highine's stock is ? (Round to the nearest cent)