Company Z-primes earnings and dividends per share are expected to grow by 2% a year. Its growth will stop after year 4. In year 5 and afterward, it will pay out all earnings as dividends. Assume next years dividend is $7, the market capitalization rate is 11% and next years EPS is $12. What is Z-primes stock price?

Calculate 4 years of dividends followed by the terminal value. Add the terminal value to the year 4 dividend. Then calculate the NPV of all the cash flows. with an HP12c