Assume you have the opportunity to buy the stock of EDU PLC at an IPO being offered for 8 per share. Although you are interested in buying shares of the company, you are concerned about whether it is fairly priced. The following table summarises the dividend information you would expect in the future: Year 1 2 3 4 Dividend 25p 35p 45p 35p Dividends after year 4 grow at a rate of 5% per annum to infinity. The cost of equity capital is 10%. Please use the appropriate model in order to decide whether to invest in EDU PLC's shares? (6 marks)