Company X has just paid a dividend of 1.50 per share. Suppose that you expect the dividend of Company X to increase by 20% per year for the next two years and thereafter by 5% per year forever. Company X stock is currently trading at 32.50. Suppose that your required return in case of this company is 10%. Estimate the value of the stock of Company X by using a two-stage Dividend Discount Model and judge, whether this company's stock is currently undervalued, fairly valued, or overvalued in the market. Present complete solution in a logical order (step-by-step). Explain (define) clearly, what are you calculating. Answer all the questions explicitly