Problem 3: A corporation has been experiencing extreme growth in recent years. The dividends and earnings are expected to grow at a rate of 15 percent during the next two years, at 13 percent the following year, and at a constant rate of 6 percent during Year 4 and thereafter. The last dividend paid was $1.15 and the required rate of return is 12 percent. The current stock price is trading at $18 per share. What is the projected price in Year 0 ? Is the stock undervalued or overvalued? Is it a buy or sell