You are considering a purchase of Walmart (WMT) stock, and you have the following information: WMT is expected to pay $1.60 per share in dividends each year for the next two years. To simplify matters, assume that today is January 1 and that the payments will be made at the end of the year. Based on your analysis, you estimate that WMT's stock will be priced at $80 per share two years from now. You estimate that WMT will have $5 in earnings per share for the period two years out. WMT's beta is 0.6 and you believe that a fair return on its stock is 8.5% per year. WMT's bonds are currently yielding 3.5%. The S&P 500 is expected to earn 11% over the coming two years. What is your best estimate of today's value of WMT stock? (Show your work.)