Looking at the data below for Firm B - assume you trust the analyst's return is accurate based on the current stock price and future expected dividends. Given this, please decide if the analyst's valuation appears to be overvalued, undervalued or fairly valued when considering the firm's risk profile. (also assume markets are not perfectly efficient).

	Firm B
Market Analyst Forecasted Return	7.2%
Standard Deviation of Return	15%
Beta	0.900
MRP	6%
Rf	1.20%

		a. Undervalued
		b. Fairly valued c. Overvalued