can you explain where all the numbers come from please? like 9.63 and 5.65 for example. thank you!

2. Given the following information, calculate the current value of the stock: current dividend is $3.00, projected super normal growth for three years at 20%, growth rate after year 3 should remain constant at 9%(11%) and you want to earn a 16% annual return. What should you pay for the stock? Step 1: $9.63 (same) Step 2: $5.65/(.16.09)=$80.66 or $5.75/(.16=.11)=$115.00 Step 3: $80.66(D3=.641)=$51.70 or $115(D3=.641)=$73.71 Step 4:$9.63+$51.70=$61.33 or $9.63+$73.71=$83.34