The annual earnings of BouncingBall Tennis will be $5 a share in perpetuity if the firm makes no new investments.Three years from now, and in every subsequent year in perpetuity, the company can invest 25% percent of its earnings in new projects and that for each dollar invested, earnings grow by $0.40 in the subsequent year and then remain at this new level in perpetuity. If BouncingBall makes this investment every year (starting in year three), what should be the price per share of its stock?