Suppose that Hide Corp stock just paid a dividend of $1.00 and that the dividend is expected to grow at a rate of 3% the companys current beta is 1.32 the current risk free rate is 2.5% and the market risk premium is 6% what is the intrinsic value of the stock?

a.10.42

b. 12.54

c. 13.84

d. 13.88

e. 37.15