DFB, Inc. expects earnings per share of $5 next year and plans to pay its next dividend per share of $2 a year from now. DFB will reinvest its retained earnings in projects that have an expected return of 10% per year. Assume DFB will maintain the same dividend payout rate, retention rate, and return on new investments in the future. If DFB's equity cost of capital is 12%, what price would you estimate for DFB stock?