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need help solving for this problem Common stock value-Variable growth Newman Manufacturing is considering a cash purchase of the stock of Grips Tool During the

need help solving for this problem
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Common stock value-Variable growth Newman Manufacturing is considering a cash purchase of the stock of Grips Tool During the year just completed Grips earned $3 38 per share and paid cash dividends of $168 per share (Do = $168) Grips' earnings and dividends are expected to grow at 20% per year for the next 3 years after which they are expected to grow 9% per year to infinity What is the maximum price per share that Newman should pay for Grips if it has a required return of 10% on investments with risk characteristics similar to those of Grips? The maximum price per share that Newman should pay for Grips is $ 237 75 (Round to the nearest cent)

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