Consider a company that earned​ $4.00 per share last year and paid a dividend of​ $1.00. The firm has maintained a consistent payout ratio over the years and analysts expect this to continue. The firm is expected to earn​ $4.40 per share next​ year, and the stock is expected to sell for​ $30.00. The required rate of return is​ 12%. What is the best estimate of the​ stock's current​ value?