Spring Valley Bedding stock currently sells for $53 per share. The stock's dividend is expected to grow

Question:

Spring Valley Bedding stock currently sells for $53 per share. The stock's is expected to grow at 6% per year indefinitely. Spring Valley just paid a of $3 per share. Given this information, calculate the stock's internal rate of return.
Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...