You expect that Mabanee will have earnings per share of $2.1 for the coming year. Mabanee plans to retain all of its earnings for the next 3 years. For the subsequent two years, the fim plans on retaining 50% of its earnings. It will then retain only 25% of its eamnings from that point forward Retained earnings will be invested in projects with an expected return of 20% per year. If Mabanee's equity cost of capital is 16% and WACC is 8%, then what is the stock price today? Answer: 1621 You expect that Mabanee will have earnings per share of $2.1 for the coming year. Mabanee plans to retain all of its earnings for the next 3 years. For the subsequent two years, the fim plans on retaining 50% of its earnings. It will then retain only 25% of its eamnings from that point forward Retained earnings will be invested in projects with an expected return of 20% per year. If Mabanee's equity cost of capital is 16% and WACC is 8%, then what is the stock price today? Answer: 1621