You are evaluating the investment merits of SurfSide Corp., a successful manufacturer.

You are forecasting a dividend in year $1$ of $$1\mathrm{.}50$ per share, which grows at $200\%$ in year

$2,$ and following this growth, the dividend for year $3$ grows at $150\%$ based on the

dividend in year $2.$ After year $3,$ you expect dividends to grow at the rate of $6\%$ per year.

You compute a beta of $1\mathrm{.}3$ for SurfSide. You expect the S&P$500$ index to return $8\%.$ The

U$.$S$.$ T$-$bill is yielding $2\%.$ Using the multistage dividend discount model, SurfSide$$s

intrinsic value is closest to:

A$.$ $$92$ per share

B$.$ $$97$ per share

C$.$ $$102$ per share

D$.$ $$112$ per share

E$.$ $$113$ per share