please show work. no excel

PS 2 Type D: Ant Appliances has come out with an improved product, and the world is beating a path to its door. As a result, the firm projects its earnings and dividend growth of 251 per year for 5 years. By then, other firms will have copycat technology, competition will drive down profit margins, and the sustainable earnings and dividend growth rate will fall to 101. The most recent annual dividend was $1 per share. What should be the stock price today? Assume that the stock has a beta of 3.0, Treasury bills yield 31, and the market return is 6. handle