ents work P 7-15 (similar to) Question Help Lautel Enterprises expects earnings next year of 54 49 per share and has a 40% retention rate, which it plans to keep constant. Its equity cost of capital is 11% which is also as expected return on new investment. Its earnings are expected to grow forever at a rate of 4.4% per year. Wits next dividend is due in one year, what do you estimate the firm's current stock price to be? The current stock price will be s Round to the nearest cont) Quix/Test