A financial analyst evaluating a company's common stock has gathered the following data. Current dividend per share is $5. Dividend growth rate expected during the first 2 years is 20%. The dividend growth rate expected from Year 3 onward is 4%. The required rate of return on equity is 15%. The intrinsic value per share of this common stock is: $46.90 $65.43 None of these $36.90 $62.13