Hakeer. Enterprise estimated earnings per share next year is at RM3.00. The company plans to keep all the earnings next year for reinvestments. For the next subsequent 3 years ie, starting in year 2 onwards, it will only keep 50% as retained earnings. After that it will only keep 25% of retained earnings. The amount that is not kept as retained earnings will be distributed as a dividend Every year until year-4, the earnings growth rate is at 20% however after that it will be 5% projected forever It Hakeem Enterprise cost of capitalis 8%, what is the estimated price of the share? Use the dividend discount model to calculate the estimated price per share (9 markahmarks)