In$$ mid$-2018,$ some analysts recommended that General Electric$($GE$)$ suspend its dividend payments to preserve cash needed for investment. Suppose you expected GE to stop paying dividends for two years before resuming an annual dividend of $$1\mathrm{.}05$ per$$ share, paid $3$ years from$$ now, growing by $2\mathrm{.}5\%$ per year. If$$ GE's equity cost of capital is $8\mathrm{.}8\%,$ estimate the value of$$ GE's shares today.

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Part $1$

The price today is $$$