Question: Please walk me through the solution to the following question step-by-step without using Excel. I keep getting confused even though I know the answer is

Please walk me through the solution to the following question step-by-step without using Excel. I keep getting confused even though I know the answer is $259,061.32. Also, please let me know if there's a way to solve this with a financial calculator. Thank you!

Given a discount rate of 5.6 percent per year, what is the value at year 0 of a perpetual stream of $4000 annual payments (cash inflows) that begins at year 0, grows a 3 percent for the subsequent two years, and a rate of 4 percent thereafter?

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