ABC, Inc. just paid an annual dividend (D0) of $3 per share on earnings of $6. You expect the firms dividends to grow at 60% over the next two years based on its expansion plans. After that you expect dividends to grow at the industry average of 5% per year. The riskfree rate is 4%, the market risk premium is 5%, and its beta is 1.1, so the discount rate is 9.5%. The present value of the dividends over the next 2 years is $10.79. The present value of all the dividends beyond year 2 is $149.45. What is the intrinsic value of the stock? (use 2 decimal places without $, so $10.00 is 10.00) with steps and process