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.

1. Ashley Anderson would like to purchase the common stock of Abeles and Heiman and plans to hold the stock for five years. Last year, the stock paid an annual dividend of $2.06 per share and the company's projected annual dividends for the next five years are $2.12, $2.18. $2.26. $2.35, and $2.46, respectively. Ashley believes that at the end of the holding period, the stock will be selling for $62.50. If Ashley requires an annual rate of return of 19.85% on this investment, what would she be willing to pay for the stock today