According to the 2018 prospectus of Universal Thermal Sciences Ltd the firms planned dividend policy is to pay no dividends for the next several years due to a substantial R&D program. The firm anticipates distributing a maiden $0.20 dividend in 2023. This dividend is expected to continue increasing at a 4% annual rate indefinitely. If the appropriate discount rate is 18%, what is today theoretical share price for UTS (i.e., in 2018)?