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Question 2 (75 points) On December 31, 2017, GE paid an annual dividend per share of $0.96. J They also announced on the same day that they will reduce their dividend to $.48 per share next year. Today is January 1st, 2018. You expect this future dividend payment to remain stable for the (next five) years and to increase by 2% afterwards in perpetuity. The cost of equity capizal (discount rate) for GE is 9% What should be the stock price of GE based on these dividend forecasts? CC Round your final answers to the nearest cent