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Can you go through how to get the answer in detail please. I keep getting it off and don't know what I'm doing wrong. The

image text in transcribedCan you go through how to get the answer in detail please. I keep getting it off and don't know what I'm doing wrong.

The risk-free rate is 3.56% and the market risk premium is 7.90%. A stock with a of 1.29 just paid a dividend of $2.44. The dividend is expected to grow at 23.66% for three years and then grow at 3.34% forever. What is the value of the stock? Correct Answer: $39.79 Points: 0

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