WEGrow Inc. is currently not paying a dividend. You predict that, in seven years (i.e., at t=7) WEGrow will pay a dividend for the first time. The dividend will be $0.50 per share. You expect that this dividend will grow at a rate of 6% per year indefinitely. The required return on companies such as WEGrow is 19% p.a. What is the price of an ordinary share today? Ignore all taxes and transactions costs.