Hilford Corporation expects to have camings this coming year of 52 755 per shareHaliford plans to retain all of its earnings for the next two years. Then for the subsequent two years the firm will retain 52% of its camings. It will retain 17% of its earnings from that point owad Each year retained earrings will be invested in new projects with an expected rotum of 225 per year Any earnings that are not retained will be paid out as dividends. Assume Halfords share count remains constant and learnings growth comes from the investment of retained camings of Halford's equity cost of capital is 11 what price would you estate for Hardstock? The stock price will be 8 Round to the nearest cent)