Firm XYZ expects to earn $6 per share next year. In the next three years, the firm's ROE is expected to be 12%, 15%, 18%, respectively, and its dividend payout ratio is 90%. After that, the firm's ROE is expected to increase to 2596, and the firm will set the dividend payout ratio = 60%. Assume that the discount rate is 20%. Find the stock price 30.17 OOOO 33.29 Firm XYZ expects to earn $6 per share next year. In the next three years, the firm's ROE is expected to be 12%, 15%, 18%, respectively, and its dividend payout ratio is 90%. After that, the firm's ROE is expected to increase to 2596, and the firm will set the dividend payout ratio = 60%. Assume that the discount rate is 20%. Find the stock price 30.17 OOOO 33.29