You are looking to purchase Naperville Sweets & Nuts common stock at its current price per

share, which is $$5\mathrm{.}65.$ You expect a dividend of $$1\mathrm{.}25$ to be paid next yead. What is the maximum

price you would purchase the stock for today if you had a required rate of return of $12\%$ and a

growth rate of $5\%$ per year, indefinitely? Should you buy the stock at its current price?