TransAmerica Inc. is expected to pay an annual dividend of $1.00 per year, one year from today.It isestimated that during the following six years (i.e. years 2 through 7), the dividend will grow at an annual rate of 6%After that, the growth rate will be equal to 4% per year andcontinue at that rate indefinitely.Calculate the intrinsic value of the TransAmerica's stock today if the required rate of return is 11.7%.Show your calculations.Would you buy this stock? Why?