Solve the problem. Show your work and equations! Please do not show screenshots of Excel as your work shown.

5. The company stock increases dividend by 5% each year and the expected dividend in 5 years is $5. Analysts expect that investors would require 10% return on this stock. The company will cease paying dividend after the 5th dividend (dividend in year 5). That is, the firm will pay 5 dividends annually and from year 6 shareholders will not receive any further dividend. Find the share price today. Use annual compounding