Helliford Corporation expects to have earnings this coming year of $3356 per share. Hallford plans to reain alt of its earnngs for the next two years. Then for the subsequent two years, the fim Wil retain 47% of lis eamings. in will rotain 21% of its earnings from that point comard. Each year, retsined eamings wil be invesled in new projects with an expected retum of 255% per year, Any eamings that are not retained wa be paid out as dividends. Assume Hatifords share count remains constarh and ail earningt growh cemes trom the investment of rotained eamings. if Halifordi equity cost of capital is 9.4%, what price would you estimate for Halliford stock? The stock price wid be s (Round to the nearest cent.)