Assume Highline Company has just paid an annual dividend of $0.91. Analysts are predicting an11.8% per year growth rate

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Assume Highline Company has just paid an annual dividend of
$0.91. Analysts are predicting an11.8% per year growth rate in
earnings over the next five years. After​ then, Highline's
earnings are expected to grow at the current industry average of
5.6% per year. If​ Highline's equity cost of capital is
8.6%per year and its dividend payout ratio remains​ constant,
for what price does the​ dividend-discount model predict
Highline stock should​ sell?