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You expect that Mabanee will have earnings per shate of $ 2 1 lor the coming yeat Mabanee plans to retain all of its eamings

You expect that Mabanee will have earnings per shate of $21 lor the coming yeat Mabanee plans to retain all of its eamings for the next 3 years. For the subsequent two years, the fitm plars on retarining 50% of its earnings. It will then retain only 25% of its earnings from that point forvard Retained earnings will be invested in projects with an expected return 0f20% per year. If Mabanee saquihy cort of capital is 76% and WACC is 8%, then what is the stock price today?
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