You are analyzing the value of Reliable Electric Corp and have concluded that the H$-$model DDM is

appropriate to value the firm's stock. You expect the dividend growth rate for Reliable Electric to decline

linearly during a $10-$year period from $10\%$ to a final and perpetual growth rate of $4\%.$ The current dividend

is $$2\mathrm{.}50$ and the estimated required return on equity for Reliable Electric is $12\%.$ How much is the intrinsic

value of Reliable Electric using the $H-$model and the information given?

a$)$ $$25\mathrm{.}16$

b$)$ $$20\mathrm{.}05$

c$)$ $$35\mathrm{.}15$

d$)$ $$41\mathrm{.}88$