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What should be the value of a share of stock one year from today (P1, or in 2022) if the stock currently sells for $50.00

What should be the value of a share of stock one year from today (P1, or in 2022) if the stock currently sells for $50.00 (P0=$50.00), has a required return of 11% (r=0.11), and an expected dividend of $2.50 one year from today (DIV1= $2.50). Assume the stock has a constant dividend growth rate of 6% (g=0.06)? Note that in this problem I am asking you to find P1, the stock price in 2022.

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