Investors require a return of 13.1% per year to hold a stock. The stock's last dividend was $1.75 per share and the dividends are expected to grow 20% per year for three years. Thereafter, the dividends are expected to grow at a constant rate of 8.2% per year. What is the stock's intrinsic value per share? A) $56.34 B) $52.01 C) $46.04 D) $58.89 E) $49.82