Investors require a return of 12.7% per year to hold a stock. The stocks last dividend was $0.94 per share and the dividends are expected to grow forever at a constant rate of 7.2% per year. What is its intrinsic value per share? Question 23 options: 1) $18.32 2) $19.38 3) $17.09 4) $19.03 5) $18.24