Consider the following scenario: The last dividend the company paid was D0=$1. The rate of growth in both earnings and dividends during the the future is gn=4%, and the required (minimum acceptable) rate of return on the stock is rs=9%. What is the formula for the stock's intrinsic value in this case? P0=(1+rs)2D1+(1+rs)2D2+(1+rs)3D3+(1+rs)4P3P0=(1+rs)4D0+(1+rs)2D1+(1+rs)3D2+(1+rs)4D3+(1+rs)4P4P0=(1+rs)2D1+(1+rs)2D2+(1+rs)3D3+(1+rs)3P3P0=(1+rs)2D0+(1+rs)2D1+(1+rs)3D2+(1+rs)4D3+(1+rs)4P3