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Please solve all 3 questions and include every step as well as excel formulas used. Ivanhoe Inc., is expected to grow at a rate of

Please solve all 3 questions and include every step as well as excel formulas used.

Ivanhoe Inc., is expected to grow at a rate of 22.500 percent for the next five years and then settle to a constant growth rate of 8.000 percent. The company recently paid a dividend of $2.35. The required rate of return is 18.000 percent.

1.) Find the present value of the dividends during the rapid-growth period if dividends grow at the same rate as the company. Round dividends to 3 decimal places. Round present value of dividends to 2 decimal places.

2.) what is the value of the stock at the end of year 5? Round intermediate calculations to 3 decimal places, round intermediate calculation to 3 decimal places and final answer to 2 decimal places.

3.) What is the value of the stock today? round intermediate calculation and final answer to 2 decimal places

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