Your analysis of ABL Ltd's shares indicates that the company is not expected to pay any dividends for the next three years. It is then likely to pay a dividend of $2.00 at the end of year 4, which is expected to grow at a rate of 10% p.a. for the next two years. Subsequently, these dividends are expected to grow at a rate of 5% p.a. for the foreseeable future. If investors require a return of 10% p.a. on ABL Ltd's shares, the company's share price today should beclosestto:

$28.70.

$32.80.

$37.80.

$50.80.

Can the tutor provide the workings to the question please.