Puyau Enterprises recently paid a dividend, D 0, of $3.00. It expects to have nonconstant growth of 15 percent for 2 years followed by a constant rate of 6 percent thereafter. The firms required return is 8 percent. What is the stocks intrinsic value today?

a. $173.52

b. $216.87

c. $217.70

d. $186.88

e. $172.50