PLEASE ANSWER PART 1 AND 2. I NEED IT DONE ASAP! THANK YOU

Intro The stock of the XYZ Corporation is expected to pay an annual dividend of 3 in one year. This dividend is expected to grow at a rate of 2% per year in perpetuity therafter. The appropriate discount rate is 11.5%. Part 2 Attempt 1/1 Now, the XYZ corporation announces that it needs to suspend making dividend payments in order to maintain it's current level of growth. It will cancel its expected dividend payment of 3 next year but will continue making its expected dividend payment of 31.02=3.06 two years from now (and the growth is expected to continue as before). What is the new expected price of the stock