ABC Company currently has sales of $250 million. The company's sales are expected to grow 20% next year (year 1) and 15% during year 2. The analyst expects the company to have a net profit margin of 6% each year, a dividend payout ratio of 50%, 12 million shares of common stock outstanding over the time horizon, and sell for a ple ratio of 15 at the end of year 2. If the required rate of return is 12%, then what is the stock's intrinsic value? O a. $21.24 per share O b. $24.45 O c. $22.76 per share O d. $20.72 per share O e. $21.98 per share