Simpkins Corporation is expanding rapidly, and it does not pay any dividends be- cause it currently needs to retain all of its earnings. However, investors expect Simp- kins to begin paying dividends, with the first dividend of $1.00 coming 3 years from today. The dividend should grow rapidlyat a rate of 50% per yearduring Years 4 and 5. After Year 5, the company should grow at a constant rate of 8% per year. If the required return on the stock is 15%, what is the value of the stock today?

please show me the steps with the time line if u can