Please show the specific progress and formular.

The Technologies is experiencing rapid growth. The company expects dividends to grow at 18 percent per year for the next eight years before leveling off at 8 percent into perpetuity. The discount rate on the company's stock is 21 percent. The company has just paid (at t=0, and you did not receive it) $2.50 per share dividend. What is its stock price? Stage 1 What is the value of the first stage? You are calculating Present Value (at t = 0) of the first stage (fast growth). Stage 2 What is the value of the second stage? You are calculating Present Value (at t = 0) of the second stage? Calculate total vale