please show workings on excel. thank you.

Return to questic 5 Problem 8-34 Nonconstant Growth (LO1] 10 points Storico Co. just paid a dividend of $1.50 per share. The company will increase its dividend by 20 percent next year and then reduce its dividend growth rate by 5 percentage points per year until it reaches the industry average of 5 percent dividend growth, after which the company will keep a constant growth rate forever. If the required return on the company's stock is 15 percent, what will a share of stock sell for today? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Stock prices 15.00