Single infinite stage

Michelle wants to value the stock of Gamma Corporation and gathers the following information:

Current market price per share $$94$

Current book value per share $$46$

Perpetual return on equity $18\%$

Perpetual growth rate $2\%$

Required return on equity $12\%$

Which

a$.$ The value of the company's according to a single stage RI model is closest to:

$

Round your answer to the nearest cent.

b$.$ How the stock is valued on a relative basis $($choose the correct one$)$: