Buffet Ross Corporation just paid a dividend of $2 per share. Dividends are expected to grow at the rate of 8% per year. The risk-free rate of return is 5%, and the expected return on the market portfolio is 17%. The stock of Buffet Ross Corporation has a beta of 1.25. Using the constant-growth DDM, the intrinsic value of the stock is

A) $50 B) $54 C) $36 D) $18