please show work 3a

3. A company does not currently pay a dividend but is expected to begin to do so in five years (at t=5 ). The first dividend is expected to be $4.00 and to be received five years from today. That dividend is expected to grow at 6 percent into perpetuity. The required return is 10 percent. What is the estimated current intrinsic value? 3. A company does not currently pay a dividend but is expected to begin to do so in five years (at t=5 ). The first dividend is expected to be $4.00 and to be received five years from today. That dividend is expected to grow at 6 percent into perpetuity. The required return is 10 percent. What is the estimated current intrinsic value