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The RLX Co. just paid a dividend of $3.20 per share on its stock. The dividends are expected to grow at a constant rate of

The RLX Co. just paid a dividend of $3.20 per share on its stock. The dividends are expected to grow at a constant rate of 4 percent per year indefinitely.

If investors require a return of 10.5 percent on the companys stock, what is the current price? What will the price be in 3 years? In 15 years?

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Must have Cell References in Excel. Cannot figure out where to put the "0" for Price in 0 Years, other answers are correct. Need formula with cell value "0" included

Input area: \begin{tabular}{|lr|} \hline Dividend paid & $3.20 \\ Dividend growth rate & 4% \\ Required return & 10.50% \\ Year for price & 0 \\ Year for price & 3 \\ Year for price & 15 \\ \hline \end{tabular} (Use cells A6 to B11 from the given information to complete this question.) Output area: \begin{tabular}{|l|r|} \hline Price in 0 years & $51.20 \\ \cline { 2 - 2 } Price in 3 years & $57.59 \\ \cline { 2 - 2 } Price in 15 years & $92.21 \\ \hline \end{tabular}

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