You are supposed to analyze the price of Exxon Mobile Corp. $($ticker: XOM$)$ stock TODAY:

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ValueLine.com projects that next year$$s annual dividend for XOM $($D$1)$ will be $$3\mathrm{.}90.$ For the next $5$ years, the dividends are expected to grow at the rate of $3\mathrm{.}0\%$ per year $($based on projections in ValueLine$).$ Assume that the dividend in year $6$ is expected to grow from D$5$ at the rate of $4\mathrm{.}0\%,$ and all the subsequent dividends until year $15$ will grow at $4\mathrm{.}0\%.$ Assume that the dividend in year $16$ is expected to grow from D$15$ at the rate of $5\mathrm{.}5\%$ and all the subsequent dividends will grow by $5\mathrm{.}5\%$ as well, forever.

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Required rate of return: assume that the risk$-$free rate is equal to $5\mathrm{.}0\%$ per year forever and that the market risk premium from $2024$ will stay constant forever as well. Assume the measure of economy$-$wide risk exposure XOM is associated with today will stay constant forever as well.

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Based on the above information $($and the fact that XOM is a real$-$world publicly traded company$),$ do you conclude that XOM stocks are overvalued $($and thus people should sell them before the price drops$)$ or undervalued $($and thus people should quickly start buying XOM stocks$)?$ Explain why $($based on numbers and $1-2$ sentences$).$