1)The last dividend paid to shareholders by Vicinity Centres was $0.10 per share. Assume that the board of directors of the company plans to maintain a constant dividend growth policy of 7.00 per cent. An investor, in evaluating an investment in the company, has determined that she would require a 12.00 per cent rate of return from this type of investment. If the current price of Vicinity shares in the stock market is $4.00, should the investor purchase the shares? (Show your calculations.)