One year from today, investors anticipate that Scalie Ltd. shares will pay a dividend of $2 per share. After that, investors believe that the dividends will grow at 20% per year for three years before settling down to a constant rate of 8% indefinitely. The required rate of return on Scalie's shares is 15%. What is the current value of the share? If the market price of the share is $34, is the share over-priced, under-priced or fairly priced. Explain your answer.NOTE:Round your answer to two decimal places