Halliford Corporation expects to have earnings this coming year of $2.634 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 47% of its earnings lt will retain 22% ofits earnings from that port on ard Each year retained earnings will be invested in new projects with an expected return of 21 9% per year Any earnings that are not retained will be paid out as dividends. Assume Halliford's share count remains constant and all earnings growth comes from the investment of retained earnings. If Hall ford's equity cost of capital is 10.1%, what price would you estimate for Hall ford stock? (Note Be careful not to round any intermediate steps less than three decimal places)