Assume Highline Company has just paid an annual dividend of $106. Analysts are predicting an 112% per year growth rate in earnings over the next five years. After then, Highline's earrings are expected to grow at the current industry average of 4.7% per year. If Highline's equity cost of capital is 8.7% per year and its dividend payout ratio remains constarvy, 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)