You decided AAPL is a stock fit for using dividend discount model. You expect the company's dividend to growth at 15% for the next 3 years, follow by 12% for another 3 years. Then, the growth rate will slow down to 8% a year. The require return for the company is 11%. The company paid $2.8 in dividend last year. What should be the price for AAPL today?

Please do this in Excel and show formulas.