$($Common stock valuation$)$ The common stock of NCP paid $$1\mathrm{.}41$ in dividends last year. Dividends are expected to grow at an annual rate of $7\mathrm{.}10$ percent for an indefinite number of years.

a$.$ If your required rate of return is $9\mathrm{.}60$ percent, what is the value of the stock for you?

b$.$ Should you make the investment?

a$.$ If your required rate of return is $9\mathrm{.}60$ percent, the value of the stock for you is $$.($Round to the nearest cent.$)$

b$.$ Should you make the investment? $($Select from the drop$-$down menus.$)$

You make the investment if your expected value of the stock is than the current market price because the stock would be undervalued.