Please show answer in excel format Chapter 9, Fundamentals of Financial Management Storico Co. just paid…

Please show answer in excel format

Chapter 9, Fundamentals of Financial Management Storico Co. just paid a dividend of $2.65 per share. The company will increase its dividend by 20 percent next year and will then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. If the required return on Storico stock is 12 percent, what will a share of stock sell for today?

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