Chapter 8 Excel Assignment A company currently pays a dividend of $2 per share. It is estimated that the company's dividend will grow at a rate of 20% per year for the next 2 years, and then at a constant rate of 7% thereafter. The required rate of return is 12.3%. What is your estimate of the stock's current price? 1. Enter this information in the INPUTS section below and solve for the future cash flows of the stock and the current stock price as reviewed in class. 2. Identify the horizon as we did with the in-class example. Please name your file LastName FirstName_Ch8 before saving. Remember to format the spreadsheet as required, remove the cell borders that are provided below to indicate action required and replace with the appropriate borders. INPUT: Dividend ST growth rate LT growth rate Required return Year 0 Year 1 Year 2 Year 3 Dividends Horizon value Total cash flow Present values Formula Excel Function Stock Price