i need help on the second part please!

You are evaluating a stock that paid a $3.20 dividend last year on $5.30 of earnings. The stock is trading in the market at a price of $132.86. The company currently has a growth rate of 15.4% per year. Understanding this is not sustainable, the company indicates it expects the ROE to drop by 8 percentage points next year then another 6 percentage points the following year and then 12 percentages points the next year until ROE reaches a steady state level. Given a risk free rate of 1.45% and an expected market return of 6.25% and a forecasted beta of 1.28, estimate the intrinsic value of the stock. Assume no change to the payout ratio.

(The answer to that one is 150.25)

Using the information from the previous question. Assume you were to buy the

stock for the current price, collect any dividends for two years and sell for the

intrinsic value at the end of the second year, calculate your annualized Jensen's

alpha over the two-year holding period.