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

b$.$ What is the value of the stock if the current dividend is $$1\mathrm{.}4,$ the first$-$stage growth is $1\%,$ the second$-$stage growth is $13\%,$ and the discount rate is $14\mathrm{.}0\%?$

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

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