A firm just paid $$0\mathrm{.}50$ in dividends, and expects to pay $$0\mathrm{.}75,$$$1\mathrm{.}00,$$$1\mathrm{.}25,$ and $$1\mathrm{.}50$ in dividends before it reaches constant growth of $6\%$ per year thereafter. Assume its beta $=1\mathrm{.}2,$ riskfree rate $=2\%,$ and market risk premium $=7\%.$

a$.$ What is the intrinsic value of this stock?

i$.$ $$27\mathrm{.}76$

ii$.$ $$28\mathrm{.}26$

iii. $$25\mathrm{.}47$

iv$.$ $$30\mathrm{.}84$

v$.$ $$32\mathrm{.}46$

b$.$ What is the expected value of this stock next year?

i$.$ $$33\mathrm{.}66$

ii$.$ $$29\mathrm{.}90$

iii. $$29\mathrm{.}43$

iv$.$ $$30\mathrm{.}18$

v$.$ $$27\mathrm{.}37$