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Procter and Gamble (PG) paid an annual dividend of $2.84 in 2018. You expect PG to increase its dividends by 73% per year for the

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Procter and Gamble (PG) paid an annual dividend of $2.84 in 2018. You expect PG to increase its dividends by 73% per year for the next five years (through 2023), and thereafter by 3.4% per year. If the appropriate equity cost of capital for Procter and Gamble is 8.5% per year, use the dividend-discount model to estimato its value per share at the end of 2018 The price per share is $ (Round to the nearest cont)

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