What is the present value of the firms equity using a three stage linear transition in years 3,4,5,6?

A company currently has earnings (E) of $5.00 and a dividend (D) of $0.50. The firm's current return on equity (ROE) is 30%. The firm will maintain the same dividend payout and ROE over the next two periods. Then it will transition in a linear reduction In years 3,4,5, and 6 to a growth of 3%. The firm will then grow at 3% to perpetuity. The firm's beta is presently 1.8, but this will transition to 1 over the same period. The risk-free rate is 4% and the market risk premium is 6%. ROE is expected to be 10% beginning in year 6 to perpetuity. What is the present value of this form's equity using a three-stage model with linear transition in years 3,4,5, and 6? $105.12 $86.19 $76.38 $94.56