Old MathJax webview

please answer in formulas or financial calculator values and round decimals to two decimal places for interest rates and dollar amounts in the final answer. please answer in text that can be copied and pasted instead of an image or excel worksheet.

theres no more information to be given this is the question please answer it or give it to someone else who can or refund the question please

-4. Walter Wallawy would like to purchase the stock of the Wexler Winery Corporation. The company plans to pay a dividend of $4.18 next year which will grow at a rate of 5.62% in the second year of the holding period. The dividend is expected to grow an additional 7.54% in the third year of the holding period and Walter expects to sell the stock at the end of that year for $78.50. If Walter's expected rate of return on this stock is 20.8%, what is the maximum he would pay if he purchases the stock today