Halliford Corporation expects to have earnings this coming year of $3.000 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 50% of its eamings. It will retain 20% of its earnings from that point onward. Each year, retained eamings will be invested in new projects with an expected return of 25.0% per year. Any eamings that are not retained will be paid out as dividends. Assume Halliford's share count remains constant and all eamings growth comes from the investment of retained eamings. If Hallfford's equity cost of capital is 10.0%, what price would you estimate for Halliford stock? The stock price will be $ (Round to the nearest cent)