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You are valuing a company that specializes in AI . The company has reinvested all its earnings into the business and thus has not paid

You are valuing a company that specializes in AI. The company has reinvested all its earnings into the business and thus has not paid a dividend yet. You expect that it will not pay any dividends in the next four years. You expect the first dividend of $2 to be paid out at the end of year 5 and that dividends will continue to grow at a rate of 5% per year. Whats the value of one share? Assume an interest rate of 10% per year. Answer in dollars with 2 decimals.

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