Halliford Corporation expects to have earnings this coming year of 3 per share. Halliford plans to retain all of its earnings for the next two years. For the subsequent two years, the firm will retain 50 % of its earnings. It will then retain 20 % of its earnings from that point onward. Each year, retained earnings will be invested in new projects with an expected return of 25 % per year. Any earnings that are not retained will be paid out as dividends. Assume Halliford's share count remains co