$18$ points$)$ Assume it is currently the beginning of the year $2023.$ A$.)$ Given an investment horizon of

$2028,$ and the data provided below, use a multistage dividend discount model to estimate the intrinsic value

of the company$$s stock. Assume that after $2028$ that the growth rate of dividends will remain constant. Use

linear interpolation to estimate any intermediate$/$unknown dividends. Show your work. B$.)$ If the stock is

currently selling for $$43\mathrm{.}60$ per share, is this stock a good buy based on your intrinsic value estimate

calculated in part A$?$

$$ The dividend payout ratio for the company is currently $30\mathrm{.}00\%$

$$ The return on equity for the company is $9\mathrm{.}00\%$

$$ Dividends per share are estimated to be $$1\mathrm{.}70/$year in $2024$ and $$2\mathrm{.}30/$year in $2028$

$$ For $2023,$ the risk$-$free rate will be $2\mathrm{.}00\%,$ and is expected to remain constant

$$ The forecast for the market risk premium is $6\mathrm{.}50\%$

$$ The beta for the company is $1\mathrm{.}20$