XYZ has 125 million shares outstanding. We expect the firm to have earnings of $500 million at the end of this year.XYZ plans to pay out 40% of its earnings in dividends and also expect to use another 20% of their earnings to repurchase shares.If the firm's equity cost of capital is 15% and its earnings are expected to grow at a rate of 3% per year, then intrinsic value per share should be:

1. $4.44
2. $5.33
3. $13.33
4. $16.00
5. $20.00