The average Price to Earnings (P/E) multiple of firms in the electronics industry is 120 times. Sony Corporation (NYSE ticker: SNE) is expected to deliver an annual dividend per share of $0.75. Its payout ratio is expected to remain at 40%. Based on the given information, the intrinsic value of its stock should be (rounded to two decimal places): A. $48.00. B. $90.00. C. $225.00. D. $300.00. E. None of the options.