BooBoo Corp. has issued stock for the first time in order to fund some new projects. The stock is going to start paying dividends 4 years from now, being the amount of the first dividend $12 (dividend in year 4). After this, the company commits to increase the dividend amount by 2% each year forever. What is the current share price if the required return on this stock is 12 percent?

please explain how to use excel formula to solve the problem