Current $($year $0)$ dividend: $3\mathrm{.}00$

Growth rate g$1,$ years $1-10("$supernormal$")$: $15\%$

Year Dividend

$1$ X

$2$ X

$3$ X

$4$ X

$5$ X

$6$ X

$7$ X

$8$ X

$9$ X

$10$ X

$11$

$12$

$13$

$14$

$15$

$16$

Growth rate g$2,$ years $11-$ infinity: $10\%$

Cost of equity: $12\%$

$1.$ Calculate the PV of first $10$ years' cash flows:

$-$ Use the formula: PV $=$ Dividend $/(1+$ Discount Rate$)^$Year

$-$ Fill in the dividends and calculate the PVs for Years $1$ to $10.$

$2.$ Calculate the PV of the terminal value:

$-$ Use Gordon's Growth Model: Terminal Value $=$ Dividend $*(1+$ g$2)/($Discount Rate $-$ g$2)$

$-$ Calculate the PV of the Terminal Value: PV$($Terminal Value$)=$ Terminal Value $/(1+$ Discount Rate$)^$Year

$3.$ Sum up the PVs to find out the fair share value:

$-$ Sum all the PVs calculated in step $1$ and step $2.$

Answer the question based on the sum of PVs$.$

Group of answer choices:

$-280\mathrm{.}55$

$-312\mathrm{.}53$

$-212\mathrm{.}39$

$-249\mathrm{.}72$