Poindexter Industries just paid a dividend of D 0 = $1.Analysts expect the company's dividend to grow by 30% this year, by 20% in Year 2, and at a...

Poindexter Industries just paid a dividend of D0 = $1.25. Analysts expect the company's dividend to grow by 30% this year, by 20% in Year 2, and at a constant rate of 4% in Year 3 and thereafter. The required return on this low-risk stock is 9.00%. What is the per-share estimate of the stock's intrinsic value?

a.  $34.00

b.  $34.88

c.  $35.25

d.  $36.02

e.  $37.27