sanny limited stock has a beta of $0\mathrm{.}9.$the company last paid a dividend of

$$2\mathrm{.}40,$ and it expects a constant growth rate of $6\%$ in dividends per share, earnings and stock price. the current risk free rate is $5\%$ and the market risk premium is $8\%.$

a$)$what is the company equilibrium stock price?