Rebuild the above table in excel. Follow the steps below and answer the question. You would want to pay close attention to the

time points that your PVs are associated with such that you would know whether you need to discount the PVs again.

Calculate the PV of first $10$ years' cash flows.

You need to find out the cash flows from year $1$ to year $10,$ i$.$e$.,$ dividends. Note that the dividend payment has a growth rate

at $15\%$ per year.

Calculate the PV of the terminal value, i$.$e$.,$ the PV of the cash flows from the perpetuity part after the year $10.$

You will need to apply Gordon's growth formula. It is not entirely necessary to find the cash flows for this period since the

period never ends.

Sum up the PVs to find out the fair share value.