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Please show all steps and how to complete in Excel. Thank You! 2. Historical dividends for four companies are given in the following table: Dividend

image text in transcribedPlease show all steps and how to complete in Excel. Thank You!

2. Historical dividends for four companies are given in the following table: Dividend Year Company 1 Company 2 Company 3 | Company 4 2013 $0.60 $0.70 $1.20 $1.00 2014 $0.70 $0.77 $1.14 $1.20 2015 $0.80 $0.85 $1.08 $0.90 2016 $0.90 $0.93 $1.03 $1.10 2017 $1.00 $1.02 $0.98 $1.00 Required Return 10% 16% 12% 14% Calculate the arithmetic average annual growth rate of the dividend for each company. If you expect the dividend to grow at that rate in the future, what is the price at which you would be willing to buy these companies' stocks

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