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In mid - 2 0 1 8 , some analysts recommended that General Electric ( GE ) suspend its dividend payments to preserve cash needed

In mid-2018, some analysts recommended that General Electric (GE) suspend its dividend payments to preserve cash needed for investment. Supposed you expected GE to stop paying dividends for two years before resuming an annual dividend of $1.2 per share, paid 3 years from now, growing by 3.3% per year. If GE's equity cost of capital is %9.3, estimate the value of GE's shares today.
The price today is ________( Round to the nearest cent)
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