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LA Diversified Inc. recently paid its annual dividend of $3. Dividends have consistently grown at a rate of 3.8%. The stock has a beta of

LA Diversified Inc. recently paid its annual dividend of $3. Dividends have consistently grown at a rate of 3.8%. The stock has a beta of 1.29. The current risk-free rate is 2% and the market return is 10%. Assuming that CAPM holds, what is the intrinsic value of this stock?

$35.22
$36.55
$37.22
$39.74
$35.84

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