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Ivan can buy shares of Delta Inc for $55.50. He expects dividends to be $2.00 in one year and $3.00 in year 2 and $6.00

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Ivan can buy shares of Delta Inc for $55.50. He expects dividends to be $2.00 in one year and $3.00 in year 2 and $6.00 in year 3 , and he expects to sell the stock for $57.00 in three years. What is the price George would be willing to pay and should he buy this company's stock? He feels that 8% is the needed return. SHOW YOUR WORK

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