Question: Book says the answer is 96.46 I need help figuring this out using EXCEL Two-Stage Dividend Growth Model [ [ LO1] Navel County Choppers, Inc.,

Book says the answer is 96.46 I need help figuring this out using EXCEL Two-Stage Dividend Growth Model [ [ LO1] Navel County Choppers,

Book says the answer is 96.46 I need help figuring this out using EXCEL

Two-Stage Dividend Growth Model [ [ LO1] Navel County Choppers, Inc., is experiencing rapid growth. The company expects dividends to grow at 18 percent per year for the next 11 years before leveling off at 4 percent into perpetuity. The required return on the company's stock is 11 percent. If the dividend per share just paid was $2.13, what is the stock price

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