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 $\backslash (\backslash$$ $2\mathrm{.}5\backslash ),$ the first$-$stage growth is $\backslash (14\backslash \%\backslash ),$ the second$-$stage growth is $\backslash (7\backslash \%\backslash ),$ and the discount rate is $\backslash (14\backslash \%\backslash )?$

b$.$ What is the value of the stock if the current dividend is $\backslash (\backslash$$ $2\mathrm{.}5\backslash ),$ the first$-$stage growth is $\backslash (5\backslash \%\backslash ),$ the second$-$stage growth is $\backslash (11\backslash \%\backslash ),$ and the discount rate is $\backslash (13\mathrm{.}0\backslash \%\backslash )?$

c$.$ What is the value of the stock if the current dividend is $\backslash (\backslash$$ $5\mathrm{.}0\backslash ),$ the first$-$stage growth is $\backslash (14\backslash \%\backslash ),$ the second$-$stage growth is $\backslash (7\backslash \%\backslash ),$ and the discount rate is $\backslash (12\backslash \%\backslash )?$

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

What is the value of the stock if the current dividend is $\backslash (\backslash$$ $2\mathrm{.}5\backslash ),$ the first$-$stage growth is $\backslash (14\backslash \%\backslash ),$ the second$-$stage growth is $\backslash (7\backslash \%\backslash ),$ and the discount rate is $\backslash (14\backslash \%\backslash )?$

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