can you show the work to get thks answer. Like the equations, step-by-step type of thing.

Question 2 5/10 points ECC Corp. will pay annual dividends of $20 per share for the next 10 years. At the end of year 11, ECC will increase the dividends by 5% per year forever. The required rate of return on this stock is 12 percent. What is the price of the stock today? WRITE-IN how you got the answer You MUST show steps taken to solve this problem in order to get credit. Showing final answer only will grant you ZERO credit. Showing calculator/spreadsheet keystrokes, names, cells, or formula without identifying inputs will not grant you credit. present value $17.26 $15.94 $14.24 $12.71 $11.35 year Cash flows pv@12% $20 .8929 $20 .7972 $20 .7118 $20 6335 $20 5674 $20 5066 $20 4523 $20 4039 $20 3606 $20 3220 Price at year 10 $420 (20-1.051/(0.10 0.05) 3220 $10.13 $9.05 $8.08 $7.21 56.44 $135.23 The price of the stock today is 5248.23. ING