Laurel Enterprises expects earnings next year of 543 por share and has a 50% retention rate, which plans to keep constant is equity cost of capital is 11%, which is also is expected human new montits samnings are expected to grow forever at a rate of 5.5% per year. It is not dividend is due in one year, what do you estimate the fem's current stock price to be? The current stock price will be $(Round to the nearest cent)