Apple has just paid a quarterly dividend of $3.44. Dividends are expected to grow by 10% for the next 4 quarters, and then grow by 1.3% thereafter. Apple has a required quarterly return of 2%.

The divident four quarters from now is 5.04.

a. What is the terminal value in the fourth quarter.

b. What is the value of the stock now?

( chegg keeps solving this wrong, please help me solve it right)