$\backslash$table$[[52-$Week Price,Stock $($Dividend$),\backslash$table$[[$Dividend$],[$Yield $\%]],\backslash$table$[[$PE$],[$Ratio$]],$Close,Net Change$],[Hi,$Lo$,$Price$],[64\mathrm{.}60,47\mathrm{.}80,$Acevedo $1\mathrm{.}12,1\mathrm{.}9,35\mathrm{.}6,62\mathrm{.}91,-\mathrm{.}05],[145\mathrm{.}94,70\mathrm{.}28,$Georgette, Incorporated $2\mathrm{.}50,2\mathrm{.}1,70\mathrm{.}9,118\mathrm{.}64,-\mathrm{.}62],[181\mathrm{.}19,143\mathrm{.}13,$YBM $6\mathrm{.}45,3\mathrm{.}9,23\mathrm{.}8,165\mathrm{.}39,\mathrm{.}19],[82\mathrm{.}56,64\mathrm{.}13,$Manta Energy $3\mathrm{.}12,4\mathrm{.}3,17\mathrm{.}6,72\mathrm{.}56,\mathrm{.}84],[113\mathrm{.}19,96\mathrm{.}20,$Winter Sports $1\mathrm{.}57,1\mathrm{.}9,15\mathrm{.}5,??,\mathrm{.}10]]$

According to analysts, the growth rate in dividends for YBM for the next five years is expected to be $8$ percent. Suppose YBM meets this growth rate in dividends for the next five years and then the dividend growth rate falls to $3\mathrm{.}5$ percent, indefinitely. Assume investors require a return of $10$ percent on YBM stock.

a$.$ According to the dividend growth model, what should the stock price be today?

Note: Do not round intermediate calculations and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$

b$.$ Based on these assumptions, is the stock currently overvalued, undervalued, or correctly valued?

a$.$ Current stock price

b$.$ Valuation