Storico Co., which just paid an annual dividend of $1.50 per share (DPS), has an annual

required rate of return of 13%.The company will increase its DPS by 10% next year, and will then reduce its dividend growth rate by 2 percentage points per year, i.e., the growth rate is 8% for the second year, until it reaches the industry average growth rate of 2 percent.Afterwards, its DPS will maintain the constant growth rate indefinitely.Calculate the intrinsic value of this stock today.If the stock price is $25.0 today, explain precisely your recommendation on this stock according to the Intrinsic Value Analysis.Assume a 360-day year and a 30-day month in your analysis!

please show all work and round to 4 decimal points. Thank you