Graham Enterprises (GE) decided to pay its first dividend of $2.00 per share in three years. At that time, it is expected that the US economy will be at its peak and provide a supernormal growth rate of 20% for the dividends of many companies, including GE, for the following four years. After the supernormal growth period, GEs dividend per share is expected to grow at a constant rate of 5% per year, forever. Given a 12% required rate of return compute GEs stock price today.

How do you get the answer using finance formulas? (not in excel)