Halilord Corporation expects to have earnings this coming year of $2.001 per share. Halford plans to retain all of its earnings for the next two years. Then, for the subsequent two years, the firm wil retain 45% of carings. It will retain 22% of is carings from that point onward. Each year, retained earnings will be invested in new projects with an expected rotum of 20.3% per year. Any earnings that are not retained will be paid out as dividends. Assume Halford's share contrar constant and learnings growth comes from the investment of retained earnings. Halford's equity cost of capital 84%, what price would you estimate for Halford stock? The stock price will be $(Round to the nearest cert)