How do I input this in my calculator P714 similar to Questio

How do I input this in my calculator?

P7-14 (similar to) Question Hep o= S1 48 and he firm\'s required return s 13 S Find the market value Lawrence s shares when dinden s at Com mon stock value-Variable growth Lawrence lndus es most recent annual dn dend was S1 48 per share expected to grow at 8% annually for 3 years folowed by a 5% constant annual growth rate in years 4 to infinity. The market value of Lawrence\'s shares is (Round to the nearest cent)

Solution

D1=(1.48*1.08)=$1.5984

D2=(1.5984*1.08)=$1.726272

D3=(1.726272*1.08)=$1.86437376

Value after year 3=(D3*Growth rate)/(Required return-Growth rate)

=(1.86437376*1.05)/(0.13-0.05)=$24.4699056

Hence market value=Future dividends*Present value of discounting factor(13%,time period)

=$1.5984/1.13+$1.726272/1.13^2+$1.86437376/1.13^3+$24.4699056/1.13^3

=$21.02(Approx).