Assume today is December 31, 2019. Imagine Works Inc. just paid a dividend of $1.40 per share at the end of 2019. The dividend is expected to grow at 12% per year for 3 years, after which time it is expected to grow at a constant rate of 5.5% annually. O The company's cost of equity (rs) is 9.5%. Using the dividend growth model (allowing for nonconstant growth), what should be the price 1 of the company's stock today (December 31, 2019)? Do not round intermediate calculations. Round your answer to the nearest cent. $_______per share

Please show it in excel and with formulas. Thank you