Score: 0 of 1 pt 13 of 14 (13 complet) N Score: 78.57... XP 7-20 (similar to) Assume Highline Company has just paid an annual dividend of $1.02. Analysts are predicting an 11.6% per year growth rate in earnings over the next five years. After then, Highline's earnings are expected to grow at the current industry average of 5.3% per year. If Highline's equity cost of capital is 8.2% per year and its dividend payout ratio remains constant, for what price does the dividend-discount model predict Highline stock should sell? The value of Highline's stock is $ . (Round to the nearest cent.)