solve and draw timeline

(Quantitative Question - EXTRA CREDIT) Haliford Corporation expects to have earnings this coming year of 3 per share. Hallford plans to retain all of its earnings for the next two years. Then for the subsequent two years the firm will retain 40% of its earnings it will retain 20% of its earnings from that point onward. Each year, retained earnings will be invested in new projects with an expected return of 20 per year. Any earnings that are not retained will be paid out as dividends. Assume Halifords share count remains constant and all earnings growth comes from the investment of retained earnings the required rate of return for Halfords stocks 10% what price would you estimate for Hallford stocks (Round to 2 decimal places Write your answer both in the spaces above and on the empty pages on which you will show your work for each part (including timeline)