Show me the steps to solve Assume all P$/$E ratios are forward looking

ELA, Inc. will pay a $$0\mathrm{.}60$ dividend today. The dividend is expected to triple in the first year and

then double in the second year. After that the dividend will grow at a constant annual rate of $5\%.$

ELA$$s capitalization rate is $11\mathrm{.}0\%.$

a$.$

What is ELA$$s intrinsic value today?