Yesterday (year-end 2525) the company paid its annual dividend of $4.25. You believe that the stock merits a buy recommendation if it returns 12.3% per year. Your estimate of intrinsic value assumes that dividends grow smoothly in accordance with the constant exponential growth model. The annual dividend history is: Year Dividend 2521 $2.66 2522 $3.38 2523 $2.81 2524 $3.09 Find the best estimate of the dividend growth rate and intrinsic value. Intrinsic value equals $59.22 and the dividend growth rate is 5.1% Intrinsic value equals $63.01 and the dividend growth rate is 8.8% Intrinsic value equals $117.63 and the dividend growth rate is 8.8% Intrinsic value equals $64.10 and the dividend growth rate is 5.9% Intrinsic value equals $117.63 and the dividend growth rate is 6.8%