Here is the question:

Assume that XYZ Ltd has a current growth rate of 10% p.a. that is expected to be maintained for only

another three years and then fall to 5% p.a., where it is expected to remain indefinitely. Given that the

required return on ABC's shares is 12% and that the last dividend of 50 cents has just been paid, the

price of ABC's shares will be $8.56.

Can anyone teach me the process of getting this answer? Thank you!!!