Laurel Enterprises expects earnings next year of ?$3.69 per share and has a 40% retention? rate, which it plans to keep constant. Its equity cost of capital is 9%?, which is also its expected return on new investment. Its earnings are expected to grow forever at a rate of 3.6% per year. If its next dividend is due in one? year, what do you estimate the? firm's current stock price to? be? The current stock price will be $___ (round to the nearest cent)