LA Diversified Inc. recently paid its annual dividend (\$3.00). Dividends have consistently grown at a rate of 3.80%. The stock has a beta of 0.88 . The current risk-free rate is 2.40% and the market risk premium (RM RF ) is 8.50%. Assuming that CAPM holds, what is the intrinsic value of this stock? $54.94 $52.79 $50.28 $51.22 $50.39