If a company pays $3 in dividends in year 1, $3.24 in year 2 and $3.50 in year 3 and grows constantly after year 3 at 8%, What price should you pay to acquire this stock today if you need a 10% return. Hint: Find price at the end of year 3 and then add it to dividend at the end of year 3 before finding price today. Alternatively think if you can use the growing perpetuity formula! (Use the Excel)