GHL$,$ Inc., has a dividend payout ratio of $55\%.$ Its cost of equity is $11\mathrm{.}3\%$ and its dividend growth rate is $4\mathrm{.}7\%.$ If its forward EPS is $$5\mathrm{.}97,$ what is your estimate of its

stock price?

What are the dividends per share for next year? $ $.($Round to the nearest cent.$)$

The price per share is $$.($Round to the nearest cent.$)$