Hello,

I'm not sure where I'm going wrong on this problem. Any help is truly appreciated. Thank you!

A company announced that it will pay a dividend of $3.45 per share one year from today. After that, the company expects a slowdown in its business and will not pay a dividend for the next 4 years. Then, 6 years from today, the company will begin paying an annual dividend of $1.55 forever. The required return is 11 percent. What is the price of the stock today?