Instructions: Please answer the below question in it's entirety. If you can show steps and also show excel steps I would really appreciate it. I can't award credit if question isn't fully answered.

Fresno Corp. is a fast-growing company whose management that expects it to grow at a rate of 30 percent over the next two years and then to slow to a growth rate of 18 percent for the following three years. If the last dividend paid by the company was $2.15, estimate the dividends for the next five years. Compute the present value of these dividends if the required rate of return is 14 percent.