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

A firm is expected to pay a dividend of $$2\mathrm{.}05$ next year. In the next four years, dividends are expected to be $$2\mathrm{.}20,$$$2\mathrm{.}40,$ $$2\mathrm{.}65,$ and

$$2\mathrm{.}95,$ respectively. Financial analysts believe the stock will be at their price target of $$140$ in five years.

Compute the value of this stock with a required return of $9$ percent.

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