the answer is correct. but show me the solution plz

ABC, Inc. just paid an annual dividend (D0) of $3 per share on earnings of $4. You expect the firm's dividends to grow at 8% over the next two years based on its expansion plans. After that you expect dividends to grow at the industry average of 4% per year. The riskfree rate is 3%, the market risk premium is 6%, and its beta is 1.1 , so the discount rate is 9.6% What is the present value of the first 2 dividends? (use 2 decimal places without $, so $10.00 is 10.00 )