IN EXCEL PLEASE

3 Maloney, Inc., has an odd dividend policy. The company has just paid a dividend of $3.50 per share and has announced that it will increase the dividend by $4.50 per share for each of the next five years, and then never pay another dividend. If you require a return of 11 percent on the company's stock, how much will you pay for a share today? 4 5 6 $ Current dividend Dividend growth Required return 7 3.50 4.50 11% 8 9 10 11 Complete the following analysis. Do not hard code values in your calculations. 12 13 Dividend 8.00 14 $ 15 Year 1 2 3 4 5 16 17 18 19 20 Share price