In the following table you are given for a company the earnings per share and the dividend per share for the last three years: Year Earnings per share Dividend per share 0.03 2019 0.15 2020 0.18 0.036 0.042 2021 0.21 According to the estimates of the financial department of the company, the expected earnings per share for 2022 will be 0.24 and for 2023 will be 0.27. The profit growth rate from there on is expected to be 8% per year. If the required return from investors to buy a share with a risk equal to that of this company is 11%, what is the economic value of the share at the end of 2021 with the assumption that the percentage of profits distributed as a dividend remains constant