Assume the following: Current Annual Dividend $1.00 Dividend is expected to grow at 20% in years 1 and 2 After year 2 expected dividend to grow at a constant rate of 7% Beta 1.2 Risk Free Rate 7.5% Expected Return on the Market 11.5% What is the intrinsic value of the stock ? Select one: a. $31.27 b. $23.04 c. $25.25 O d. $29.06 XYZ Income Statement Sales $1,607,500 Cost of Goods Sold 1,392,500 Adm. Expenses 145,000 Earnings before interest & Taxes $ 70,000 Interest Expense 24,500 Earnings Before Taxes $ 45,500 Taxes 18,200 Net Income $ 27,300 What is the company's Return on Equity ? Select one: a. 7.56% b. 2.63% c. 2.89% O d. 1.7%