Jane Lu's firm requires all its analysts to use a two-stage DDM and the CAPM to value stocks. Using these measures, Ludlow has calculated the required rate of return for SmileWhite as 16%. She now must value SmileWhite Corporation. Ludlow estimates the following EPS and dividend growth rate for SmileWhite: First three years 20% per year Years thereafter 9% per year Estimate the intrinsic value of SmileWhite using the table above and the two-stage DDM. Dividends per share in 2021 were $2. If the market price for SmileWhite is $45. would you recommend SmileWhite for purchase? Why? $45.10, yes because it is undervalued