Last year a new company's earnings per share was \$15. To take advantage of growth opportunities, management will retain 100% of earnings for the next 3 years. After the third year, management decided to pay out 75% of its earnings per year, forever. The company expects to return 16.00% on new investments, and the equity cost of capital is 12%. Based on this information which of the following calculations gives the correct price per share? Please