Using the DDM Multiple Holding Period Model, compute for the value of the stock based on the following assumptions:

Expected Annual Dividends of the Stock:

Year 1 $2.00

Year 2 $2.50

Year 3 $3.00

Year 4 $3.50

Year 5 $4.00

Required Rate of Return on Equity:10.50%

Expected Stock Price in 5 years : $45.00

dont need too much detail for solution. Please make sure final answer is correct. Thank you