Using the constant growth dividend valuation model, calculate the intrinsic value of a stock that pays a dividend this year of $2.00 and is expected to grow at 6%. The beta for this stock is 1.5, the risk-free rate of return is 3% and the market return is 12%.

A.) $20.19 

B.) $28. 75 

C.) $35.33 

D.) $48.27