Halliford Corporation expects to have earnings this caming year of $3.394 per shate. Hallford plans to retain at of its earnings for the next two years. Then, for the subsequent expecled return of 22.4% per year. Any carnings that are not retained wil be paid out as dividonds Assume Fiallfords share count remains constant and all eamings growth comes from the irvestment of retained eamings. IH Hallord s equily cost of capital is 11.4%, what price would you estimate for Halliford stock? cin The stock price will be s (Round to the nearest cent)