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All You Can Eat Pizza Corporation is growing quickly. Dividends are expected to grow at a 21 percent rate for the next 4 years, with

All You Can Eat Pizza Corporation is growing quickly. Dividends are expected to grow at a 21 percent rate for the next 4 years, with the growth rate declining to a constant 2 percent thereafter. The required return is 10 percent and the company just paid a $5.10 annual dividend. What is the current intrinsic value of the stock?

a.$224.20

b.$108.96

c.$198.87

d.$165.42

e.$131.11

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