Please show calculations clearly.

2. On January 1, 2020, International Copy Machines (ICOM), one of the favorites of the stock market, was priced at $300 per share. This price was based on an expected dividend at the end of the year of $3 per share and an expected annual growth rate in dividends of 20 percent into the future. By January 2021, economic indicators have turned down, and investors have revised their estimate for future dividend growth of ICOM downward to 15 percent. Assume the following: A constant dividend growth valuation model is a reasonable representation of the way the market values ICOM, the firm does not change the risk complexion of its assets nor its financial leverage, the expected dividend at the end of 2021 is $3.45 per share. What should be the price of the firm's common stock in January 2021? (30p) NOTE: PLEASE SHOW HOW YOU COMPUTE EACH OF THE ITEMS