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Panik Corporation pays a dividend of $1.88 per year, which is expected to grow at a rate of 4% per year. Panik has a cost

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Panik Corporation pays a dividend of $1.88 per year, which is expected to grow at a rate of 4% per year. Panik has a cost of capital of 10%. and an EPS of $2.67. Its competitor, Tellez Inc, pays a yearly dividend of $1.25 per year, which is expected to grow at a rate of 6% per year. Tellez has an EPS of $5,64. What would be the expected price of Tellez stock. If estimated using the method of comparables? Round to 2 decimal places. Le 1.00 for $1.00 per share

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