Could somebody please help me solve this problem by using formulas and showing work for each step in the process?

1. First National Bank of Nicosia did not pay dividend last year and is not expected to do so for the next two years. Last year, because of the booming economy, the Nicosia's growth accelerated and the CEO of the bank expects the business to grow at a rate of 42 percent for the next five years before the growth slows to a more stable rate of 7.5 percent. In the third year, the management of Nicosia forecasted a dividend payment of $1.15. Dividend will grow with the company thereafter. What is the current value of this stock if the required rate of return is 17.5 percent? (50 points) Note: You have to show all your work, including the formula to get full credit. A simple answer will not get any credit at all