Assume Highline Company has just paid an annual dividend of $ 1.07 Analysts are predicting an 11.8 % per year growth rate in earnings over the next five years. Afterthen, Highline's earnings are expected to grow at the current industry average of 5.1 % per year. IfHighline's equity cost of capital is 8.6 % per year and its dividend payout ratio remainsconstant, for what price does thedividend-discount model predict Highline stock shouldsell?