To further increase funding for the investment project, Cooper Technologies Ltd has decided to withdraw dividend payments for the next two years (i.e., year 1 and year 2). Thereafter, the company expects to maintain an annual dividend growth rate of 8.4% for five years (i.e., year 3 to year 7). Afterward, the company expects to have an annual dividend growth rate of 4.2% and maintain it forever. The expected rate of return on the companys equity is 9.8% p.a.. The dividend per share in year 3 is $2. Calculate the price of each share in todays dollar (i.e., share price in year 0).