Problem $8-14$ Spreadsheet Problem: Value of Dividends and Future Price $($LG$8-5)$

A firm is expected to pay a dividend of $$3\mathrm{.}55$ next year and $$3\mathrm{.}85$ the following year. Financial analysts believe the stock will be at their price target of $$120$ in two years.

Compute the value of this stock with a required return of $13\mathrm{.}2$ percent.

Note: Do not round intermediate calculations. Round your answer to $2$ decimal places.