Todd Mountain Development Corporation is expected to pay a dividend of $$3$ in the upcoming year. Dividends are expected to grow at the rate of $11\%$ per year. The risk$-$free rate of return is $5\%,$ and the expected return on the market portfolio is $15\%.$ The stock of Todd Mountain Development Corporation has a beta of $0\mathrm{.}85.$ Using the constant$-$growth DDM$,$ the intrinsic value of the stock is

$012439$

Multiple Choice

$5\mathrm{.}50$

$1224$

$2727$