Rockway Co. is a ball bearing manufacturing firm which is expected to pay dividends of $2.1, $2.25, and $2.45 at the end of next three consecutive years. The investors required rate of return is 8%. The current market price of shares is $134 while the investor expects it to be $149 per share at the end of three years.

based on the above information and based on multi-period DDM, calculate the fundamental value of Rockway Co shares. Include the calculations in the response