Floptus Corp. has an expected rate of return on equity next year, ROE_1, equal to 12%, a required rate of return on equity, r_e, equal to 20%, a reinvestment rate of 60%, and a book value of equity per share of $10. According to the one-stage dividend discount model, Floptus Corp.'s intrinsic value per share today must be equal to: (a) $4.00. (b) $6.70. (c) $10.00. (d) $15.63