Please show all work and calculations by hand. Don't use excel to solve the problem. I'm trying to learn how to do the problem.

a (25) 2. (A) Consider a common stock with the following expected dividends: $2 in one year (i.e., at t-1), $3 in two years (at t-2), $4 in three years (at t=3), $5 in four years (at t=4) and $7 in five years (at t-5). After t-5, the dividends will grow at 6$ per year for two years (i.e., t-6 and t-7). After t-7 dividends will grow at 24 per year, forever. The opportunity cost of capital is 8%. What is the price of the common stock? (B) Consider the common stock described in part (A), above. You plan to purchase this common stock in three years (1.e.. at t=3), AFTER the t=3 dividend has been paid. What is your expected purchase price at t 3