An analyst proposes to use the two stage dividend discount model to estimate the intrinsic value of the stock of ABC Trading Company. Forecasted dividends and the growth rate in dividends are as follows: Current dividend, Do $1.00 Growth during the high growth period 20% (From t=0 to t=1 and t=1 to t=2 ) Constant perpetual growth from period t=2 onward 10% Stockholders' required rate of return 15% Based on these forecasts, the intrinsic value of ABC is closest to: $20. $24. $26. $30