it is financial management assignment problem. solution is too lengthy. can I get explanation how to solve it?

Problem 8-22 Two-Stage Dividend Growth Model (L01) Upper Gullies Corp.just paid a dividend of $1.30 per share. The dividends are expected to grow at 16% for the next eight years and then level off to a 5% growth rate indefinitely. If the required return is 11%, what is the price of the stock today? (Do not round intermediate calculations. Round the final answer to 2 decimal places.) Stock price $