The Stem Labs Co$.$ is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by $25$ percent a year for the next $5$ years and then decreasing the growth rate to a constant $3$ percent per year. The company just paid its annual dividend in the amount of $$1\mathrm{.}50$ per share.

A$.$ What is the current intrinsic value of one share of this stock if the required rate of return is $7\mathrm{.}00$ percent?

B$.$ If the current market price of the stock is $$38\mathrm{.}24,$ is the stock overvalued or undervalued?

C$.$ Based on your answer in part B$.,$ should Stem Labs Co$.$ repurchase their shares in the open market?