Suppose that the consensus forecast of security analysts of your favourite company is that earnings next year will be $5.00 per share. The company plows back 50% of its earnings and if the chief financial officer estimates that the company's return on equity (ROE) is 16%. Assuming the plow back ratio and the ROE are expected to remain constant forever: If you believe that the company's required rate of return is 10%, what is your estimate of the price of the company's stock?