ABC Company just paid a dividend of D₀ = $3.00. Due to a new product, ABC expects to achieve a dramatic increase in its short-run growth rate, to 20% Annually for the next 2 years, after which growth is expected to return to the long-run constant rate of 10 percent. The companys beta is 2.0, the required return on an average stock is 11 percent, and the risk-free rate is 7 percent. Calculate the intrinsic value