Polycorp intends to pay a dividend of $2.00 in one year's time. Given the economic climate it is expected dividends are going to be unchanged for the following 3 years.Dividends are then expected to grow at 2.00% pa forever. Shareholders required return on equity is 10.00% pa.What is the estimated value of Polycorp shares?

(In dollars and cents accurate to the nearest cent)

Can you show me the equation you have used and the workings in excel function?