You use a two-stage DDM to estimate the value of GE stock at time 0. The time-0 dividend per share DPS0 = $0.40. The high growth stage covers 3 years and has a growth rate of 18% (gH). The stable growth stage has a growth rate of 5% (gS). GEs cost of equity is 20% in both stages. The terminal value, TV3 (in year 3), of the GE stock is ____________. (Note: you need to figure out DPS3 first in order to obtain the terminal value.) $32.86 $5.17 $4.60 $4.38