Show work and formulas used on Excel.

Determine the price of a share of stock whose last annual dividend

payment $(D_0)$ was $$2\mathrm{.}10,$ assuming a required rate of return of $10\%$

and considering the following:

The dividend payment is expected to grow at a constant rate of $4\%$

per year indefinitely.

Compare the calculated intrinsic value in part $1)$ with the current

price of $$27.$ Use an IF statement to assess whether the stock is

undervalued, overvalued, or fairly valued.