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Value line has provided dividend projections for firm XYZ of $1.8 a share for the year 2024, and $2.7 per share for the year 2027.

Value line has provided dividend projections for firm XYZ of $1.8 a share for the year 2024, and $2.7 per share for the year 2027. The current 10-year risk free rate is 5.2%, the market risk premium is 5.5%, and the stocks beta is 1.36. The stocks projected dividend payout ratio for the year 2027 is 60%, and its projected return on equity for the same year is 20%. What is the stocks current intrinsic value?

$32.43

$21.49

$59.01

$67.51

$45.26

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