Dr. Lee plans to add Sony, Inc. stock to his investment portfolio. The stock just paid a dividend of $1.50. He expects that the dividend will grow at 20% for the next two years and 4% forever after that. Assuming a discount rate of 13%, Dr. Lee knows that Sony, Inc stock is worth $____ 1) 22.83 2) 37.50 3) 29.42 4) 25.71 5) 33.16