The current price of a stock is $$20.$ It is expected to rise to $$22$ in $1$ year, paying $$1$ dividend during the year. If the risk$-$free rate is $4\%,$ market return is $10\%$ and stock$$s beta is $1\mathrm{.}6,$ then determine if the stock is overvalued, undervalued or correctly valued, i$.$e$.$ is it above, below or on the Securities Market Line $($SML$),$ following the Capital Asset Pricing Model $($CAPM$)?$