From the following information calculate the price of the stock. The annual dividends for years 3, 4 and 5 will be $1.00, $1.20 and $1.30, respectively. After year 5, dividends are expected to grow by 3% pa forever. The required rate of return is 10% pa.

Can someone please answer me by using PVIFA formula and not other funny formula that is not relevant.

and kindly please provide explanation. Thanks.