Rainer Corporation is expected to pay a dividend of $$3$ in the upcoming year. Dividends are expected to grow at the rate of $11\%$ per year. The risk$-$free rate of return is $8\%,$ and the expected return on the market portfolio is $18\%.$ The stock of Rainer Corporation has a beta of $0\mathrm{.}70.$ Using the constantgrowth DDM$,$ the intrinsic value of the stock is $q,$

Multiple Choice

$8\mathrm{.}80$

$11\mathrm{.}54$

$75\mathrm{.}00$

$27\mathrm{.}27$