Homework: Chapter 7 - Stock Pricing Score: 0 of 1 pt 4 of 4M complete HW Score: 75%, 3 of 4 pts XP 7-21 (similar to) O Hele 0 Hallford Corporation expect to have earnings this coming your of 2.875 per share. Haliford plans to retain all of its coming for the next two years. Then, for the bent two years, gem will retain 54% of its earnings, wil en 17 its earnings from that point onward. Each year, retained earrings will be invested in new projects with an expected return of 25.9% per year. Any Barrings that are not retained will be paid out as dividends Assun Hort hare counting constant and all earnings grown comes from the investment of retained Gaming Halford's guilty cost of capital is 8.5%, what price would you estimate for at ford Mock? The stock price will be (Round to the nearest cent)