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Wildhorse Financial Ltd . is interested in investing in Scion Systems Inc. Scion's current dividend is $ 5 . 8 5 and its shares are

Wildhorse Financial Ltd. is interested in investing in Scion Systems Inc. Scion's current dividend is $5.85 and its shares are selling for $40. The required rate of return for firms like Scion is 8 percent. Wildhorse has conducted an extensive analysis of the company and believes that the dividend growth rate should be 5 percent.
Should Wildhorse buy the stock at $40?(Round answer to 2 decimal places, e.g.105.25.)
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