Company Z-prime's earnings and dividends per share are expected to grow by 5%.a year. Its growth will stop after year 4. In year 5 and afterward, it will pay out all earnings as dividends. Assume next year's dividend is $10, the cost of equity is 8%, and next year's EPS is $15. What is Z-prime's stock price? Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

Company Z-prime's earnings and dividends per share are expected to grow by 5% a yeat, Its growth will stop after year 4. In year 5 and afterward, it will pay out all earnings as dividends. Assume next year's dividend is $10, the cost of equity is 8%, and next year's EPS is \$15. What is Z-prime's stock price? Note: Do not round intermediate calculations. Round your answer to 2 decimal places