Company $K$ is trading at a price of $$56$ per share. The company is expected to pay a dividend of $$3$ per share next year. You expect the price in one year will be $$62$ per share. The company's beta is $1\mathrm{.}4.$ The risk$-$free rate is $3\%$ and the expected return on the market is $10\%.$ Based on the CAPM, are the shares of Company K undervalued, fairly valued, or overvalued? What is the stock's alpha? Show your work $($and be sure to answer the two questions$).$