\begin{tabular}{|c|c|c|c|c|c|c|} \hline \multicolumn{7}{|c|}{ You've collected the following information from your favorite financial website. } \\ \hline \begin{tabular}{l} 52-Week \\ Price \end{tabular} & & Stock (Div) & \begin{tabular}{l} Div \\ Yld \% \end{tabular} & \begin{tabular}{c} PE \\ Ratio \end{tabular} & \begin{tabular}{l} Close \\ Price \end{tabular} & \begin{tabular}{l} Net \\ Chg \end{tabular} \\ \hline Hi & Lo & & & & & \\ \hline 7740 & 10.43 & \begin{tabular}{l} Palm Coal \\ 0.36 \end{tabular} & 2.6 & 6 & 13.90 & -0.24 \\ \hline 55.81 & 33.42 & \begin{tabular}{l} Lake Lead \\ Grp 1.54 \end{tabular} & 3.8 & 10 & 40.43 & -0.01 \\ \hline 131.11 & 70.40 & SIR 2.90 & 3.3 & 10 & 89.15 & 3.07 \\ \hline 50.24 & 13.95 & \begin{tabular}{l} DR Dime \\ o.80 \end{tabular} & 5.2 & 6 & 15.43 & -0.26 \\ \hline 35.00 & 20.74 & \begin{tabular}{l} Candy Galore \\ 0.32 \end{tabular} & 1.5 & 28 & ?? & 0.18 \\ \hline \multicolumn{7}{|c|}{\begin{tabular}{l} According to your research, the growth rate in dividends for SIR for the next five years is expected \\ to be 20.5 percent. Suppose SIR meets this growth rate in dividends for the next five years and then \\ the dividend growth rate falls to 5.5 percent indefinitely. Assume investors require a return of 14 \\ percent on SIR stock. \end{tabular}} \\ \hline \multicolumn{7}{|c|}{ Requirement 1: } \\ \hline \multicolumn{7}{|c|}{\begin{tabular}{l} According to the dividend growth model, what should the stock price be today? (Do not round \\ intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) \end{tabular}} \\ \hline \multicolumn{3}{|c|}{ Current stock price } & & & & $ \\ \hline \end{tabular} \begin{tabular}{|l|} \hline Requirement 2: \\ \hline \begin{tabular}{l} Based on these assumptions, is the stock currently overvalued, undervalued, or \\ correctly valued? \end{tabular} \\ \hline (Click to select) Overvalued Correctly valued Undervalued \\ \hline \end{tabular}