2. North Great Timber Company has paid a dividend of $1.50 a share in this year. After this, dividends are expected to grow at a 9% annual rate for first three years and then 11% indefinitely. Investors currently require a rate of return of 13%. The company is considering several business strategies and wishes to determine the effect of these strategies on the market price per share of its stock. NOTE: PLEASE SHOW HOW YOU COMPUTE EACH OF THE ITEMS. a) Compute the intrinsic value of the common stock. (25p) b) If the market price of the common stock is $92, what is an investor's decision (buy/sell)? Why? (10p)