KCP suspended its dividend at the start of 2015 and as of 2018, has not reinstated its dividend. Suppose you do not expect KCP to resume paying dividends until 2020. You expect KCP's dividend in July 2021 to be 1 (paid annually), and you expect it to grow by 5% per year thereafter. If KCP's equity cost of capital (discount rate) is 11%, what is the value of a share of KCP at the end of 2018?