Halliford Corporation expects to have earnings this coming year of $$$$2\mathrm{.}93$ per share. Halliford plans to retain all of its earnings for the next two years.$$ Then, for the subsequent two$$ years, the firm will retain $54\%$ of its earnings. It will retain $21\%$ of its earnings from that point onward. Each$$ year, retained earnings will be invested in new projects with an expected return of $20\mathrm{.}7\%$ per year. Any earnings that are not retained will be paid out as dividends. Assume Halliford$\text{'}$s share count remains constant and all earnings growth comes from the investment of retained earnings. If Halliford$\text{'}$s equity cost of capital is $8\mathrm{.}5\%,$ what price would you estimate for Halliford $$stock$?$