DAA's stock is selling for $15 per share. The firm's income,assets, and stock price have been growing at an annual 15 percentrate and are expected to continue to grow at this rate for 3 moreyears. No dividends have been declared as yet, but the firm intendsto declare a dividend of D3=$2.00 at the end of the last year ofits supernormal growth. After that, dividends are expected to growat the firms normal growth rate of 6 percent. The firm's requiredrate of return is 18 percent. the stock is