$(5$ points$)$ A company is expected to pay a dividend of $$1\mathrm{.}50$ at the end of this year and $$2\mathrm{.}00$

dividend at the end of year $2.$ Thereafter, it is estimated that dividends will grow at a constant rate

of $5\%$ per year for next $4$ years and then start declining at a constant rate of $1\%$ in perpetuity.

Investors require a return of $10\%.$ What is the current market value of this company's common

stock?