Question: I tried using Div1/rE - g X 1+g/ 1+rE. please help. Assume Highline Company has just paid an annual dividend of $0.96. Analysts are predicting

 I tried using Div1/rE - g X 1+g/ 1+rE. please help.

I tried using Div1/rE - g X 1+g/ 1+rE. please help.

Assume Highline Company has just paid an annual dividend of $0.96. Analysts are predicting an 11.9% 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 5.5% per year. If Highline's equity cost of capital is 9.1% per year and its dividend payout ratio remains constant, for what price does the dividend-discount model predict Highline stock should sell

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