NEED SOLUTION USING EXCEL FORMULAS. WILL RATE 5/5

3a. (7) The common stock of a company recently paid a dividend of $1.48 per share. It's expected growth rate in the next 7 years is 11.5% per year. Management expects that once competitors get geared up and come up with a similar product, the growth rate will decrease by 1.5% per year for the following six years. After that, the annual growth rate will be 2.0% for an infinite period. The appropriate cost of equity capital is currently 14.25% per year. What is the minimum price that you would be willing to sell this stock at? 3b.(4) If you wanted to sell the stock after 10 years, what would be the minimum price that you would be willing to accept for it