XYZ Company has expected earnings of $5 for next year and usually retains 50 percent for future growth. Its dividends are expected to grow at a rate of 3 percent indefinitely. If an investor has a required rate of return of 12 percent, what price would he be willing to pay for XYZ stock?(please round to and use 2 decimal places, if your answer is $53.8922, enter 53.89, if your answer is $5, enter 5.00)