Adelaide Itd. paid dividends per share of $2 in 2010. The firm's earnings per share had grown at 12% over the prior 5 years but the growth rate is expected to decline linearly over the next 8 years to 5%, while the payout ratio remains unchanged. The required rate of return is 8.30%. The intrinsic value per share of this common stock is: $80.61 $90.61 None of these $75.61 $83.61