Question: Pls answer asap with work! Will give a good rating! (Non-constant growth)Pettyway Corps next annual dividend (D 1 ) is expected to be $4. After

Pls answer asap with work! Will give a good rating!

(Non-constant growth)Pettyway Corps next annual dividend (D₁) is expected to be $4. After that, the growth rate in dividends over the next three years is forecasted at 7%. And after that, Pettyways growth rate in dividends is expected to be 9%. The required return is 12%. Then the value of the stock is $__________.

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