Design a spreadsheet similar to the one below to compute the value of a variable growth rate firm over a five$-$year horizon.

a$.$ What is the value of the stock if the current dividend is $$2\mathrm{.}3,$ the first$-$stage growth is $15\%,$ the second$-$stage growth is $8\%,$ and the discount rate is $14\%?$

b$.$ What is the value of the stock if the current dividend is $$2\mathrm{.}3,$ the first$-$stage growth is $2\%,$ the second$-$stage growth is $8\%,$ and the discount rate is $10\mathrm{.}0\%?$

c$.$ What is the value of the stock if the current dividend is $$4\mathrm{.}6,$ the first$-$stage growth is $13\%,$ the second$-$stage growth is $7\%,$ and the discount rate is $12\%?$

Complete this question by entering your answers in the tabs below.

Required $A$

Required B

Required C

What is the value of the stock if the current dividend is $$2\mathrm{.}3,$ the first$-$stage growth is $15\%,$ the second$-$stage growth is $8\%,$ and the discount rate is $14\%?$

Note: Do not round intermediate calculations. Round your answers to $2$ decimal places.

$\backslash$table$[[".,$Year $1,$Year $2,$Year $3,$Year $4,$Year $5],[$Projected dividend$],[\backslash$table$[[$Terminal price$]]],[$Present value,,,,,$]]$