AndyNZ

I think your confusion seems to be around value at the end of year 4 (V4) vs. current value (pv) of the stock. (V0).
If its V4 then to me that’s forward looking for 4th yr. So calc. DPS up to 4th year from spreadsheet forecasting, look at future growth (11.8-0.2 =9.8), factor that into your DDM model.
No need of discounting ($61.76) if thats what you are referring to since question is value at the end of 4th year.
Part B, I believe you agree.