Melissa Popp is thinking about buying some shares of R.H. Lawncare Equipment, at $51.11 per share. She expects the price of the stock to rise to $60.86 over the next 3 years. During that time she also expects to receive annual dividends of $3.62 per share. Please show work/formulas

a. What is the intrinsic worth of this stock, given a required rate of return of 9%?

b. What is its expected return?