you do some market research and learn that companies last dividend was $84$ cents and the company's market beta is a $$1\mathrm{.}35$ you estimate that the earnings and the dividends will increase at a constant growth rate of $8\%$ if the current risk$-$free rate is $5\%$ and the required rate of return on the market portfolio is $12\%,$ what is the maximum amount you would be willing to pay for the company stock