Great Deal Company forecasts a $1.45 dividend for 2017, $1.56 dividend for 2018 and a $1.65 dividend for 2019 for Beach Corporation. For all years after 2016, Great Deal Company forecasts that Beach will pay a $1.75 dividend. Using the dividend discount valuation model determine the intrinsic value of Beach Corporation, assuming the appropriate cost of capital is 7%. $24.48 O $27.91 O $18.12 $29.66