Avatar Manufacturing is going to retain more of its earnings to help finance its growth. It will reduce its annual dividends by 20 percent a year for the next 3 years. After that, it will maintain a constant dividend of $1.60 per share. Last year the annual dividend was $2.60 per share. The required rate of return is 13%. What is the market value of this stock? -Note: I know that the answer is $12.60. I need to know how to get that answer. NOT using Excel. I also have a financial calculator (BA II Plus) and am fluent in most functions.