You've collected the following information from your favorite financial website. 52-Week Price Div PE Close Net Hi Lo 77.40 10.43 Stock (Div) Palm Coal .36 Yld % Ratio Price Chg 2.6 6 13.90 -24 Lake Lead Grp 55.81 33.42 3.8 10 40.43 -.01 1.54 131.11 70.40 SIR 2.90 3.3 10 89.15 3.07 50.24 35.00 13.95 DR Dime.80 5.2 6 15.43 -.26 20.74 Candy Galore .32 1.5 28 ?? .18 According to your research, the growth rate in dividends for SIR for the next five years is expected to be 20.5 percent. Suppose SIR meets this growth rate in dividends for the next five years and then the dividend growth rate falls to 5.5 percent indefinitely. Assume investors require a return of 14 percent on SIR stock. According to the dividend growth model, what should the stock price be today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Current stock price $ 5.83 Based on these assumptions, is the stock currently overvalued, undervalued, or correctly valued? Stock currently Correctly valued Overvalued Undervalued