4. A firm will start paying dividends four years from now and thereafter that will be expected to grow 5% into perpetuity. Expected dividend in year 4 is $5. If an investors required rate of return is 7%, the intrinsic value (price) of the stock is closest to: A) $200

B) $204

C) $227

D) $250

E) Insufficient information

The answer is B. can i please get detailed way of solving