Because of many reinvestment opportunities, the XYZ Company is not expected to pay any dividends for the next 4 years. Beginning 5 years from today, investors expect to receive a dividend of $2 per share for 3 years and then a dividend of $3 per share for each of the next 4 years. Then dividends are expected to grow at 2% per year forever. If investors require a 15% return, what is the price per share?

can you please show and explain using excel ?