please show work simply and do not use excel

Hi-yield inc. is currently paying a $2.50 quarterly dividend on shares of its stock. Hi-yield paid a $1.80 quarterly dividend six years ago. The dividend has grown at a consistent rate and is expected to continue doing so. The current required rate of return on Hi- yield is 12%. Hi-yield has 400,000 shares of common stock outstanding. What is the value of Hi-yield's equity? D Focus