Assume Highline Company has just paid an annual dividend of $0.99. Analysts are predicting an 11.8% 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 52% per year. If Highline's equity cost of capital is 7.8% per year and its dr dend payout ratio remains constant, for what price does the dividend-discount model predict Highline stock should sell