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Advanced Auto Parts (AAP) paid a dividend of $6.00 last year. Your analysis indicates AAP can grow its dividend 15% next year. At that point,

Advanced Auto Parts (AAP) paid a dividend of $6.00 last year. Your analysis indicates AAP can grow its dividend 15% next year. At that point, they will fall to a long-term constant dividend growth rate of 3.0%. If investors require a 12.5% return given the risk of AAP stock, what is your estimate of the value of AAP stock today? If the current stock price for AAP is $72.03/share, what action would you recommend investors take based on your valuation

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