ustin Cement Company has had the following pattern of earnings per share over the last five years:

Year Earnings per Share

$20$X$1$ $ $7\mathrm{.}00$

$20$X$27\mathrm{.}42$

$20$X$37\mathrm{.}87$

$20$X$48\mathrm{.}34$

$20$X$58\mathrm{.}84$

The earnings per share have grown at a constant rate $($on a rounded basis$)$ and will continue to do so in the future. Dividends represent $40$ percent of earnings.

Project earnings and dividends for the next year $(20$X$6).$

Note: Round the growth rate to the nearest whole percent. Do not round any other intermediate calculations. Round your answers to $2$ decimal places.

If the required rate of return $($Ke$)$

is $13$ percent, what is the anticipated stock price $($P$0)$

at the beginning of $20$X$6?$

Note: Round the growth rate to the nearest whole percent. Do not round any other intermediate calculations. Round your answer to $2$ decimal places.