Chetola Mountain Development Corporation is expected to pay a dividend of $$4\mathrm{.}50$ in the upcoming year. Dividends are expected to grow at the rate of $4\%$ per year. The risk$-$free rate of return is $5\%,$ and the market risk premium is $7\%.$ The stock of Chetola Mountain Development Corporation has a beta of $1\mathrm{.}20.$ Using the constant$-$growth DDM$,$ the intrinsic value of the stock is $$

$$ $$47\mathrm{.}87$

$$28\mathrm{.}90$

$$39\mathrm{.}89$

$$ $$52\mathrm{.}02$