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please show work ul a Hi-yield inc. is currently paying a $2.50 quarterly dividend on shares of its stock. Hi-yield paid a $1.80 quarterly dividend

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please show work
ul a 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

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