1. (6 points) The firm's expected future annual dividends which are paid at the end of the fiscal year (December 31st) equal $1.50/share in 2021, $1.60/share in 2022, and $1.70/share in 2023.The expected growth in dividends in perpetuity after 2023 is 2%/ year. The firm's cost of debt (kd) equals 3.5%, their cost of equity (ke) equals 7%, and the firm's WACC is 6%. Provide an equation, including all of the inputs, to calculate the value of the firm's stock per share on February 28th, 2021