show working please

1. Each of two stocks, A and B, is expected to pay a dividend of $7 in the upcoming year. The expected growth rate of dividends is 6% for both stocks. You require a return of 12% on stock A and a return of 12% on stock B. Using the constant-growth DDM, the intrinsic value of stock A _________.

1. will be higher than the intrinsic value of stock B
2. will be the same as the intrinsic value of stock B
3. will be less than the intrinsic value of stock B
4. The answer cannot be determined from the information given.