TLP stock sells for $$40$ a share and pays an annual dividend of $$2\mathrm{.}75,$ which is expected to increase $5\%$ annually. An investor has a required rate of return of $13\%.$ Which of the following conclusions about TLP stock can be drawn?

It is undervalued.

It has an intrinsic value of $$36\mathrm{.}09.$

It is overvalued.

It has an expected rate of return of $12\mathrm{.}2\%.$