B&L Industries is currently trading for $36.78 a share. Next years dividend is expected to be $2.71 and grow at a sustainable growth rate of 3.0%. You have just heard that B&L plans to lower its plowback ratio to 0.0% and its current earnings per share is $6.16 If you require 10.0% on an investment of similar risk, what is the stocks intrinsic value today and should you invest?

A. $53.56 , do not buy the stock

B. $61.59 , buy the stock

C. $61.59 , do not buy the stock

D. $70.83 , do not buy the stock $70.83 , buy the stock