XYZ Corporation expects to have earnings at the end of this year of 2.87 per share. XYZ plans to retain 23% of its earnings in perpetuity. Each year, retained earnings will be invested in new projects with an expected return of 25.13% per year. Any earnings that are not retained will be paid out as dividends. Assume XYZ does not repurchase any shares and does not conduct any stock splits. Further, assume that all earnings growth comes from the investment of retained earnings. If XYZs equity cost of capital is 11.4%, what share price would you estimate for XYZ?