$3$a$)$ Assume that company Potential plc has a cost of equity of $12\%.$ Now suppose that the company can invest in a project in South Asia which will allow the company to produce the following forecast dividends in the next $3$ years:

Year Forecast Dividend per share

$20240\mathrm{.}90$

$20250\mathrm{.}98$

$20261\mathrm{.}06$

It is assumed that the dividends will then grow at a constant rate of $6\%$ after $2026.$

Calculate the price of a share of Potential plc with the dividend discount model.

$(8$ marks$)$