Part IV. Stock Valuation (15 points) Calculate the value of a supernormal growth stock Assumptions: 1) The required rate of return of the stock, r5, is 10% 2) The stock will experience nonconstant growth for the first 3 years, N=3 3) The dividend rate of growth during the first 3 years of supernormal growth is 25%,gc=20% 4) The dividend normal or constant rate of growth after the nonconstant growth period is 7%,gn=7% 5) The last dividend the company paid was $2,D0=$2 6) The stock's current market price is $300. Using this information, find the present yalue or intrinsic value of this nonconstant growth stock. Is this stock overvalued or undervalued