ABC Corporation ABC Corporation Just Paid a Dividend of $1.50 a Share

Multiple Choice

ABC Corporation
ABC Corporation just paid a dividend of $1.50 a share. The dividend is expected to grow at 10% a year for the next 2 years, and the 5% per year thereafter. The required return to invest in ABC stock is 12.50%.
-What is the intrinsic value (or current price) of ABC?

A) $21.00
B) $22.98
C) $23.41
D) $24.48