Calculating Stock Value Using Dividend Discount Model

Imagine a scenario where Company ABC has announced a dividend of $3.00 per share for the upcoming year. The company has a history of steadily increasing its dividends and is expected to achieve a growth rate of 6% annually for the next five years, after which the growth rate is expected to stabilize at 4% indefinitely. If the required rate of return for investors in this company is 10%, what is the theoretical value of a share of Company ABC using the Dividend Discount Model?