Dell has generated annual dividend growth of 14.5% over the past 3 years. Dell's most recent annual dividend is $3.40. Assume Dell will continue to increase dividends at 14.5% for the next 5 years before reducing its dividend growth to 4% for the long term. Also assume that the required return for Dell stock is 7.5%. It is currently trading for $89.60 Use the two-stage dividend discount model to determine the current intrinsic value for Dell given these assumptions. Is the stock overvalued or undervalued