Tangshan China's stock is currently selling for $160 per share and the firm's dividends are expected to grow at 5 percent indefinitely. In addition, Tangshan China's most recent dividend was 5.50. The expected risk free rate of return is 3 percent, the expected market return is 8 percent, and Tangshan has a beta of 1.20

a. What is the expected return based on the dividend valuation model?

b. What is the required return based on the CAPM ?

c. Would Tangshan China be a good investment at this time? Explain?