Eyster Corporation reported $10M in earnings and paid dividends of $3M for fiscal 2002. Return on equity and dividend payout are expected to remain constant for the foreseeable future. Net book value at the end of fiscal 2001 was 100M. Cost of equity is 10%. Using the residual income method, the intrinsic value of Eyster's stock at the end of 2002 should be:

Group of answer choices

$110M.

$107M.

$100M.

not determinable.