An S&P 100 company with a beta of .9, has the following Dividend/Share history:

Year	Dividend
2018	$1.60
2019	$1.75
2020	$1.85
2021	$2.05
2022	$2.20
2023	$2.35

2023 EPS = $4.00, the current Risk Free Rate = 3.5%, Net Income = $550,000, Total Liabilities = $3.8M and Total Shareholder equity = $1.4M, Current Stock price = $204.50.

a. Using the Dividend Discount Model, what is Po?

b. Would you purchase this security?