Hallford Corporation expects to have earnings this coming year of $3 329 per share Halliford plans to retain all of its earnings for the next two years. Then, for the subsequent two years, the firm will retain 46% of its earnings. It will retain 19% of its earnings from that point onward Each year retained oamings will be invested in new projects with an expected return of 21 5% per year Any earnings that are not retained will be paid out as dividends Assume Halldord's share count remains constant and all earnings growth comes from the investment of retained earings. If Halldord's equity cost of capital is 87%, what pnce would you estimate for Hanford stock The stock pnce will be $ (Round to the nearest cont)