Can you please show step-by-step how to compute this answer? Thank you!

You expect the following dividends from ABC Stock: Year 1 - $3.00 Year 2 - $2.00 Year 3 - $1.00 You expect that from year 4 onward, the dividend will grow at a constant 3% growth rate. If your required rate of return is 7%, what is your estimate for the current stock price? Read about this Your answer is correct. $5.37 $31.12 $25.01 $26.39 Challenge OK