Assume Highline Company has just paid an annual dividend of $1.09. Analysts are predicting an 10.3% per year growth rate in earnings over the next five years. After then, Highline's earnings are expected to grow at the current industry average of 4.9% per year. If Highline's equity cost of capital is 7.9% per The value of Highline's stock is $ (Round to the nearest cent.)