You are trying to estimate the share price for MidStream inc. You have forecasted the following information about earnings and payouts to shareholders fates for the next five years (see table below). In addition, you know that affer year 5 the company will maintain a constant payout rate of 60% in perpetuity. The company's equity cost of capital ( r. ) is 12%, its return on new investment is 13%, and it currently has 100 million shares outstanding. Based on the information provided, estimate the share price. $3,459 11. $99.21 III. $67.53 IV. $14.20 .534.59