Please show all work.

Must be completed using financial formulas, NO EXCEL.

Sailsboro just paid a dividend of $1.5 per share. Dividends are expected to grow at 10%, 5%, and 490 for the next three years respectively. After that the dividends are expected to grow at a constant rate of 2% indefinitely. Stockholders require a return of 6 percent to invest in Sailsboro's common stock. Compute the value of Sailsboro's common stock today l