PLEASE ANSWER WITHOUT USING EXCEL FOR PV I NEED TO KNOW HOW TO CALCULATE THIS WITHOUT EXCEL

10) A firm has just paid a dividend of $1.25 and is expected to exhibit a growth rate of 12 percent that can continue for only five years, after that its growth will decline linearly for four years to reach the steady state 6 percent growth rate. If the required rate of return is 12 percent, what is the value of the stock? $30.19