a. MobiCell Bhd is expected to pay a RM0.50 dividend next year. The dividend is expected to grow at a 30% annual rate for years 2 and 3, at 20% annually for years 4 and 5, and at 5% annually for year 6 and thereafter. If the required rate of return is 10%. Calculate intrinsic value Mobicell Berhad. Based on your answer, critically appraise the investors expectation for said share on investment decision making.

b. Table 1 shows current market price, current dividends, dividend growth rate and required rates of return on three stocks are given. The dividend growth rates are perpetual.

Stock	Current Price	Current Dividend	Dividend growth rate	Required rate of return
A	RM35.00	RM0.50	6.0%	8.0%
B	RM45.00	RM1.20	5.5%	9.0%
C	RM40.00	RM0.90	5.0%	8.0%
D	RM56.00	RM1.40	5.2%	8.0%

Table: 1 Compute value of stocks in table 1 based on Gordon growth model and interpret your answer.