Devon Oil Services suffered a large loss and suspended its dividend. Suppose you do not expect Devon to resume paying dividends until December 1, 2021. You expect Devon's annual dividend in 2021 to be $0.50, and you expect the annual dividend to grow by 5.3% per year thereafter. If Devon's equity cost of capital is 10.6%, what is your expected value of a share of Devon for December 1,2018 ? The expected value of a share of Devon on December 1,2018 , is $ (Round to the nearest cent.)