Bailey is considering buying shares of Moto Inc. Bailey has a required return of 8.7% and expects Moto to pay a dividend of $1.25 next year with a 5% dividend growth rate thereafter. If shares of Moto are currently selling for $40.25, should Bailey purchase any shares? Why or why not? No, Bailey's required return is too low compared to the return Moto offers No, the shares are overvalued according to Bailey's estimations Yes, the shares are undervalued according to Bailey's estimations Yes, Bailey's required return is higher than the return Moto offers