HT Inc. stock pays no dividend. EPS for the most recent year (EPS₀) were $4.46. Analysts expect HTs earnings to grow at a rate of 7.5% for each of the next six years. If the P/E ratio of HT is expected to be 21.2 at the end of six years, how much should a share of HT stock be worth today? The required rate of return is 12%.