[Constant Growth Dividend Valuation with SML] Bloons Co. is expected to pay a dividend of $2.22 at the end of the year (D1). The dividends are expected to grow at a constant rate of 5% annually forever. The risk-free rate, rRF is 4%. The expected market return, rM, is 11%. Bloons has a beta of 1.6. What is the intrinsic value of this stock?