Consider a company, which stock is currently trading at 8.00. The company has just paid a dividend of 0.30 per share. You expect the dividend to increase by 10% for the next two years and then increase by 5% per year forever. Suppose that your required return in case of this company is 8%. Estimate the value of this companys stock by using a two-stage Dividend Discount Model and judge whether this companys stock is undervalued, fairly valued, or overvalued.