Loras Inc's stock is expected to grow at 8% in year 1, 9% in year 2 and 6% in year 3.It is then expected to grow at a constant rate of 3% in the years that follow. The required rate of return (Rs) equals 9%. The company just aid a Dividend of $1.55 at the end of last year so (D₀ =$1.55. What is the expected price of this stock? If the stock was selling on the market for $45, would you buy it based on your calculations? Explain your answer. Show your work.