Mack Industries just paid $1.00 per share dividend (i.e., D0=$1.00). Analysts expect the

Mack Industries just paid $1.00 per share dividend (i.e., D0=$1.00). Analysts expect the company's dividend to grow 20 percent this year (i.e., D1=1$1.20), and 15 percent in the following year. After two years the dividend is expected to grow at a constant rate of 5 percent. The required rate of return on the company's stock is 12 percent. What should be the current price of the company's stock? Show answer using excel.