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help please A stock is expected to pay its first annual dividend in 5 years. The dividend is expected to stay constantat $1.7 per year

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A stock is expected to pay its first annual dividend in 5 years. The dividend is expected to stay constantat $1.7 per year for 22 years and then grow at 5% annually forever. The required rate of return is 12%. (hint: non-standard dividends; two-stage of dividends) Part 1 - B Attempt 1/10 for 10 pts. What is the PV today of the first-stage dividends? (22 years of constant $1.7 dividend per year is the first stage) 1. Attempt 1/10 for 10 pts. What is the PV today of the second-stage dividends? (dividends after the 22 years of constant dividend is the second stage)

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