Explain in detail and show step by step how to do it in excel so i can understand.

3. Acme Consolidated has a return on equity of 12%. If Acme distributes 60% of earnings as dividends, its expected growth rate will be A) new 4.80%. B) 7.20%. C) 12%. D) 6%. 4. A firm just paid $2.00 on its common stock and expects to continue paying dividends, which are expected to grow 5% each year, from now to infinity. If the required rate of return for this stock is 9%, then the value of the stock is A) $50.00. B) $40.00. C) $54.50. D) $52.50