Hi, Would it possible to solve #8.2 problem ONLY using a financial calculator?

Thank you very much in advance!

CHAPTER REVIEW AND SELF-TEST PROBLEMS Dividend Growth and Stock Valuation The Brigapenski Co. has just paid a cash dividend of $2 per share. Investors require a 16 percent return from investments such as this. If the dividend is expected to grow at a steady 8 percent per year, what is the current value of the stock? What will the stock be worth in five years? More Dividend Growth and Stock Valuation In Self-Test Problem 8.1, what would the stock sell for today if the dividend was expected to grow at 20 percent per year for the next three years and then settle down to 8 percent per year indefinitely? 8.2 ANSWERS TO CHAPTER REVIEW AND SELF-TEST PROBLEMS = $39.67 Notice that both approaches yield the same price in five years. In this scenario, we have supernormal growth for the next three years. We'll need to calculate the dividends during the rapid growth period and the stock price in three years. The dividends are: D = $2.00 x 1.20 = $2.400 D = $2.40 x 1.20 = $2.880 D = $2.88 x 1.20 = $3.456 After three years, the growth rate falls to 8 percent indefinitely. The price at that time, P, is thus: P, = D, X (1 + 8)/(R-8) = $3.456 X 1.08/6.16 - .08) = $3.7325/.08 = $46.656 To complete the calculation of the stock's present value, we have to determine the present value of the three dividends and the future price: D D D P. Po (1 + r) + (1 + R)*(1 + R) *(1 + R): $2.40 2.88 3.456 46.656 1.16 1.162 1.163 1.16 = $2.07 + 2.14 + 2.21 + 29.89 = $36.31