DIY, Inc. just paid a $$1\mathrm{.}40$ dividend $($i$.$e$.,$ at the end of Year $0)$ that an analyst expects to grow at $9\mathrm{.}3$ percent

annually for the next four years $($starting at the end of Year $0$ to the end of Year $4),$ then at $5$ percent for two

years to the end of Year $6.$ The analyst expects the dividend to equal $40$ percent of earnings per share and the

trailing P$/$E for DIY to be $15$ at the end of Year $6.$ DIY is now selling in the market for $$55($i$.$e$.,$ at the end of

Year $0).$ The analyst also provides the following pertinent forecasts.

$($i$)$ Calculate the intrinsic value of DIY common stock as of now $($i$.$e$.,$ at the end of Year $0)$ using the

information provided. Show all computations. $($ii$)$ Is DIY stock overpriced, fairly priced, or underpriced in the market? Explain. $(2$ points$)$