How far off would Joeys price estimate if he were to use a 3-stage approach with growth

Question:

How far off would Joey’s price estimate if he were to use a 3-stage approach with growth assumptions of 30% for the first 3 years, followed by 20% for the next two years, and a long-term growth assumption of 6% thereafter. Assume that the firm(Valuation of Common Stock) pays a dividend of $1.50 per share at the end of the first year.

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...

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