Halliford Corporation expects to have eamings this coming year of $3.364 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 18% of its earnings from that point on ward. Each year, retained earnings will be invested in new projects with an expected return of 21.5% per year. Any earnings that are not retained il be paid out as dividends. Assume Hali or 's share count remains constant and a earnings growth comes from te investment of retained earnings. If Hallit d's equity cost of capital is 1 1.4% , what price would u estimate for Halliford stock? The stock price will be s(Round to the nearest cent