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Could you please show your work for this question? Please don't copy someone else's work. I will give thumbs up right away Holyrood Co. just

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Could you please show your work for this question? Please don't copy someone else's work. I will give thumbs up right away

Holyrood Co. just paid a dividend of $1.40 per share. The company will increase its dividend by 20% next year and will then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5% dividend growth, after which the company will keep a constant growth rate forever. If the required return on Holyrood stock is 13%, what will a share of stock sell for today? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Stock price $

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