Use the information below and the 2-stage Growth Model to find Bank of America's intrinsic value.Forecast its cash flows from 2019 through 2021.If its current price is $28.52, is it over or under valued?

N

N+1

N+2

N+3

N+4

Beta

1.20

ROE

0.10

0.10

0.10

DPO

0.25

0.45

0.45

Div

0.54