Please help with problem 30. Thank you

30 You are evaluating a newer company, an adult dating website: Cougar Power (CGR). Cougar expects to pay $5.00 annual dividends for three years, and each year those dividends will grow by 20% per year. Then, as the company matures, it expects that dividends will only grow by 5% per year thereafter. If you discount CGR at 12%, what is the value of CGR (to two decimal places)? Appendix: Market Data UST Yield Curve 3.500% 3.000% Credit Spreads In Bps, for Rating & Maturity 3yr Fyr Fyr 10yr 5 10 15 15 20 25 30 35 40 45 50 65 70 75 80 20 AAA AA A BBB 2.500% 30yr 25 35 55 85 2.000% 1.500% 1.000% 0.500% Credit Spreads are quoted in bps Remember: a bps is 1/100th of 1% For example, 25 bps = 0.25% 0.000% 1 2 3 4 5 6 7 8 9 10 30 YTM 2.500% 2.660% 2.800% 2.920% 3.020% 3.100% 3.160% 3.200% 3.220% 3.220% 3.220% Maturity (Years) 30 You are evaluating a newer company, an adult dating website: Cougar Power (CGR). Cougar expects to pay $5.00 annual dividends for three years, and each year those dividends will grow by 20% per year. Then, as the company matures, it expects that dividends will only grow by 5% per year thereafter. If you discount CGR at 12%, what is the value of CGR (to two decimal places)? Appendix: Market Data UST Yield Curve 3.500% 3.000% Credit Spreads In Bps, for Rating & Maturity 3yr Fyr Fyr 10yr 5 10 15 15 20 25 30 35 40 45 50 65 70 75 80 20 AAA AA A BBB 2.500% 30yr 25 35 55 85 2.000% 1.500% 1.000% 0.500% Credit Spreads are quoted in bps Remember: a bps is 1/100th of 1% For example, 25 bps = 0.25% 0.000% 1 2 3 4 5 6 7 8 9 10 30 YTM 2.500% 2.660% 2.800% 2.920% 3.020% 3.100% 3.160% 3.200% 3.220% 3.220% 3.220% Maturity (Years)