Initial Dividend as in photo below is 1.84

Growth Rate in Dividend is 14.34%

12. Now, lets assume that the dividend growth reverts back to a L-T sustainable growth rate = 6% after Year 5, that is from Year 6 to infinity. Estimate is D6 and P5.

Then assume a L-T sustainable growth rate of g = 6% after Year 5; and the required rate of return found in (8). [HINT: You already have all the data, not much work left here.find the sum of the PV of the cash flows.]

It wont up load the darn photo!!!!!!! But I will type out what it shows its a clip of an excel page.

Initial Dividend 1.84

Growth Rate in Dividend 14.34%

Dividend at D2 2.103856 1.84*(1+14.34%)

Dividend at D3 2.405480 2.103856*(1+14.3367)

Similarly calculating D3 and D4

Dividendd at D4 2.7503459

Dividend at D5 3.1446547

Growth Rate 6%

Required Rate of Return 8.7%