ABC Company has recently paid a dividend of k $100.$ The company quoted a price of k$1200.$ The dividend is expected to grow at a rate of $5\%$ for the next two years; at a rate of $10\%$ for the subsequent three years and thereafter at a rate of $8\%$ for unforeseeable future. Two investors are trying to reach a decision whether to consider the purchase of the stock or not. The required rates of return for the two investors are $20\%$ and $25\%$ respectively.Required$1.$ What is the value of the stock for?a$.$ Investor $1[2$ Marks$]$b$.$ Investor $2[2$ marks$]2.$ Which investor should purchase the stock and why?