Misker Industries just announced that its annual dividend per share for this coming year will be $3.47. The firm's common stock is currently selling for $32.00. What annual return would you expect to earn on the stock of the firm if most analysts expect all future dividends to grow by 3.5 percent annually?

How could you use Excel to solve this problem?

I tried 3.5%-(3.47/32) but I am not sure that is right.