it is January 1st XYZ Inc., which pays annual dividends, had EPS at the end of this past year of $3.00 (the dividend based on these earnings was just paid). You expect EPS to grow at 20$ per year for the next 2 years, and then slow a constant annual growth rate of 5%. If XYZ maintains a dividend payout ratio of 80% and has a cost of equity capital of 14% (EAR), What should be the fair value of one share of its stock today (assume a new buyer receives the first dividend in 1 year)