The Francis Company is expected to pay a dividend of D₁ = $1.25 per share at the end of the year, and that dividend is expected to grow at a constant rate of 6.00% per year in the future. The company's beta is 1.00, the market risk premium is 5.00%, and the risk-free rate is 4.00%. What is the current intrinsic value of the company's stock per share?

Group of answer choices

$30.36

$28.90

$13.89

$31.12

$41.67