1. Sullivans International Tours Incorporated currently (d₀) pays a $3.00 common stock dividend. Dividends have been recently growing at a 4% annual rate and are expected to continue growing at this rate for the foreseeable future. Sam is considering an investment in Sullivans International Tours and plans to hold the stock for just one year, at which time he expects to sell the stock for $45. What is the current value of Sullivans International Tours common stock to Sam if he requires a 14% rate of return?provide the process

1. d₁ = _________________________________

2. P₁ = _________________________________

3. P₀ = _________________________________