I worked through this problem and came up with an answer of Po=110.535 I have never done a problem quite like this so I wanted to see if you could check my work and see if I came to the right answer. thanks

Southern Foods just paid an annual dividend of $3.10 a share. Management estimates the dividend will increase by 4 percent for one year then 8 percent for two years then 2% forever. The required rate of return is 12 percent. What is the value of this stock today?