You are considering making an investment in the common stock of a company. The company has a long history of paying dividends. The compound annual growth rate of the dividend is $13\%.$ The last year's annual dividend was $$1\mathrm{.}41.$ The stock is currently selling for $$45\mathrm{.}37.$ You require a return of at least $15\%$ to make an investment in common stock. Based on the Dividend Growth Model, should you buy this stock?

No because the stock is valued at $$79\mathrm{.}67$ based on your required return of $15\%.$

Yes because the stock is valued at $$47\mathrm{.}00$ based on your required return of $15\%.$

Yes because the stock is valued at $$79\mathrm{.}67$ based on your required return of $15\%.$

No because the stock is valued at $$47\mathrm{.}00$ based on your required return of $15\%.$