Interior Airline Is Expected to Pay a Dividend of $3

Interior Airline is expected to pay a dividend of $3 in the upcoming year.Dividends are expected to grow at the rate of 10% per year.The risk-free rate of return is 4% and the expected return on the market portfolio is 13%.The stock of Interior Airline has a beta of 4.00.Using the constant growth DDM,the intrinsic value of the stock is _________.

A) $10.00
B) $22.73
C) $27.78
D) $41.67