Please explain all work CLEARLY for a Like (not with excel).

QUESTION 11 K's Fashions is growing quickly. Dividends are expected to increase by 15 percent annually for the next three years, with the growth rate falling off to a constant 5 percent thereafter. The required retum is 16 percent and the company just paid a $3.80 annual dividend. What is the current share price? O $28.96 $31.11 $46.55 O $48.87 $52.20