Monstei Inc just paid a $3.00 dividend and the company is expected to grow at 4% long into the future. If you require a return of 9% what would you be willing to pay for a share of this company's stock?

What is the stocks's intrinsic value? Round your answer to 2 decimals. No $ sign. $ fill in the blank 1

The stock is currently selling at $79 a share. Would you purchase this company's stock? (Assume that a share is worth buying when its estimated value is greater or equal to 120% of the market price.) Yes or No (think of why you chose your answer.)