Assume Highline Company has just paid an annual dividend of \$1.02. Analysts are predicting an 10.3% per year growth rate in eamings over the next five years. Affer then. Highline's earnings are expected to grow at the current industry average of 5.2% per year. If Highline's equity cost of capital is 8.5% per year and its dividend payout ratio remains constant, for what price does the dividend-discount model predict Highine stock should sell? The value of Highline's stock is $. (Round to the nearest cent.)