Hall ford Corporation expects to have earnings this coming year of $2 896 per share Hall ord plans to retain all of its earnings for the next two years Then for the subsequent two years, the firm will retain 45% of its earnings t will retain 18% ofits earnings rom that point onward Each year retained earnings will be invested in new projects with an expected return o 204% per year Any earnings that are not retained ill be paid out as dividends Assume Halliford's share count remains constant and al earn nos aro th comes rom the investment o retained earninas lf Haliford's equity cost of capital s 9 %, what rice ou dou estimate or Halliford stock? The stock price will be (Round to the nearest cent)