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Last year, Ragan Engines had an EPS of $3.65 and paid a dividend to Carrington and Genevieve of $195,000 each. Each of them has 125,000

Last year, Ragan Engines had an EPS of $3.65 and paid a dividend to Carrington and Genevieve of $195,000 each. Each of them has 125,000 shares. The company also has an estimated earnings growth rate of 10.3%. Larissa tells Dan that a required return for Ragan Engines of 13% is appropriate. Assuming Ragan Engines continues its current growth rate, what is its estimated stock price?

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