In mid$-2018,$ some analysts recommended that General Electric $($GE$)$ suspend its dividend payments to preserve cash needed for investment. Suppose you expected GE to stop paying dividends for

two years before resuming an annual dividend of $$1\mathrm{.}05$ per share, paid $3$ years from now, growing by $2\mathrm{.}5\%$ per year. If GE's equity cost of capital is $8\mathrm{.}9\%,$ estimate the value of GE's shares today.