Suppose that Apple Inc. (AAPL) is selling for $250.00. Analysts believe that the growth rate for AAPL will be 25% per year for the next three years, 15% per year for the following two years, and thereafter the growth rate will be 6% indefinitely. AAPLs most recent cash dividend per share was $3.00. The dividend will grow by the same rate as the company. Stockholders require a return of 12 percent on AAPLs common stock. Required: a) Based on the above assumptions, determine the price of AAPLs common stock. b) Explain whether an investor should buy the stock.