Halliford Corporation expects to have earnings this coming year of$ 2.755 per share. Halliford plans to retain all of its earnings for the next two years. For the subsequent two years, the firm will retain 45%of its earnings. It will then retain 23%of its earnings from that point onward. Each year, retained earnings will be invested in new projects with an expected return of25.9%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. IfHalliford's equity cost of capital is10.8 %what price would you estimate for Halliford stock?

Con s from corsand exposi t now. Each y growth consume ion dans to n gs to the yearsThen the two years them witan of its camins wil retain 23% of e t canings wil bevested in newprs with an expected to per year. Anyagtart ed wil te paduta di Astume Halfware contromans nte ring H u y cost of caps 10. what i would you em Husford stock? The stopnice will be and to the nearest Enter your inte r o