Walt Drizzly stock is currently trading at $45 and pays a dividend of $3.50. Analysts project a dividend growth rate of 5%. Your client, Toby Benjamin, requites a rate of 12% to meet his stated goal. Toby wants to know if he should purchase stock in Walt Drizzly. Yes, the stock is undervalued. No, the stock is overvalued. No, the required rate of return is higher than the projected growth rate. Yes, the required rate is higher than the expected rate