A stock is expected to pay no dividends for the first three years, that is, D1 = $0, D2 = $0, and D3 = $0. The dividend for Year 4 is expected to be $5.00, and it is anticipated that the dividend will grow at a constant rate of 8 percent a year thereafter. The risk-free rate is 4 percent, the market risk premium is 6 percent, and the stock's beta is 1.5. Assuming the stock is fairly priced, what is its current stock price? Show all work

*Not to be picky but can you please not do it using excel. Sorry, I am trying to learn the process of solving an equation like this and the last guy who answered it just posted a screenshot of an excel file i could not follow along with* Thanks in advance!