Shatin Intl. has 9.9 milion shares, an equily cost of capial of 13.2% and is expected to pay a total dividend of $19.6 million each year forever. It announces that it will increase its payout to shareholdors. lastead of increasing its dividend, it will keep it constant and wit start reparchasiog $10.2 million of stock each yoar as well. What is your esfimate of Shatin's stock price ahor this amnouncement? The stock price will be 3 (Round to the neatest cent.)