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please do it with formulas NO EXCEL and how you calc all numbers. thannk you! Over the next three years, Distant Groves will pay annual

please do it with formulas NO EXCEL and how you calc all numbers. thannk you!
Over the next three years, Distant Groves will pay annual dividends of $.65,$.70, and $.75 per share, respectively. After that, dividends are projected to increase by 2 percent per year. What is one share of this stock worth today at a required return of 14.5 percent? Multiple Choice $5.49 $5.94 $5.68 $5.55 $5.86

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