8. You are currently thinking about investing in a stock valued at $25.00 per share. The stock recently paid a dividend of $2.25 and its dividend is expected to grow at a rate of 5% for the foreseeable future. You normally require a return of 14% on stocks of similar risk. Is the stock overpriced, underpriced, or fairly priced?

Based on your answer, in #8, would you invest? Why or why not?