please include the steps to solving with excel formula.

Connect X + ucation.com/ext/map/index.html?_con=con&external browserslaunchUrlhttps%253A%252F%252Fnewconnectmhed Seved 70 EX Calculating stock price Excel FORMULAS DATA REVIEW HOME THE INSERT PAGE LAYOUT VIEW Sign In E Calbe A % M Paste Celis Editing BIU Alignment Number Conditional Formatas Cell Formatting Table Styles Styles Opboard . Font Al D EF N 1 1 2 Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next nine years because the firm needs to plow back its earnings to fuel growth. The company will pay a $14 per share dividend 10 years from today and will increase the dividend by 3.9 percent per year thereafter. If the required return on this stock is 12.5 percent, what is the current share price? 6 5 $ Future dividend Years until first dividend Dividend growth rate Required return 14.00 10 3.9% 12.5% 12 Complete the following analysis. Do not hard code values in your calculations. 18 14 Stock price in 9 years 3 Stock price today 11 ts 13 Sheets 100 READY Attempt Connect X + ucation.com/ext/map/index.html?_con=con&external browserslaunchUrlhttps%253A%252F%252Fnewconnectmhed Seved 70 EX Calculating stock price Excel FORMULAS DATA REVIEW HOME THE INSERT PAGE LAYOUT VIEW Sign In E Calbe A % M Paste Celis Editing BIU Alignment Number Conditional Formatas Cell Formatting Table Styles Styles Opboard . Font Al D EF N 1 1 2 Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next nine years because the firm needs to plow back its earnings to fuel growth. The company will pay a $14 per share dividend 10 years from today and will increase the dividend by 3.9 percent per year thereafter. If the required return on this stock is 12.5 percent, what is the current share price? 6 5 $ Future dividend Years until first dividend Dividend growth rate Required return 14.00 10 3.9% 12.5% 12 Complete the following analysis. Do not hard code values in your calculations. 18 14 Stock price in 9 years 3 Stock price today 11 ts 13 Sheets 100 READY Attempt