Question: Analysts expect Placer Corp. to pay shareholders $ 3 . 2 5 per share annually for the next five years. After that, the dividend will

Analysts expect Placer Corp. to pay shareholders $3.25 per share annually for the next five years. After that, the dividend will be $4.50 annually forever. Given a discount rate of 11.2%, what is the value of the stock today? The answer is $35.58, but I need a breakdown of how to solve for this in excel.

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