Question: Answer has been provided in grey cells, but please show me how to get this answer via EXCEL formula NOT fin. calc. two-stage variable growth

 Answer has been provided in grey cells, but please show me

Answer has been provided in grey cells, but please show me how to get this answer via EXCEL formula NOT fin. calc.

two-stage variable growth model to estimate the value of common stock. The most recent annual dividend paid was $4 per share. analysts expect dividends to increase 7% per year for the next 3 years and then drop to 3% starting in year 4 and remain at that rate for the foreseable future. The required rate of return used for the analysis is 8% a) What are the expected dividends for the next 4 years? b) What is the value of the stock attributable to the first 3 years of dividends? (use NPV function) c) What is the value of the stock at the end of year 3 ? (use constant-growth model) d) What is the value of the stock attributable to years 4 and beyond? (use pv function, where answer to part C is the fv) e) What is the total value of stock

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