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Please answer the question with a detailed steps so I can understand it more. ( The Question Is Completed) Alp Industries is going to pay

Please answer the question with a detailed steps so I can understand it more. ( The Question Is Completed)

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Alp Industries is going to pay annual dividends of RM0.35, RM0.50, and RM0.80 a share over the next three years, respectively. After that, the dividend will be RM1.25 per share indefinitely. What is this stock worth today at a discount rate of 13.45 percent? (7 marks)

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