Answer:
The intrinsic value per year would be $52.5
Step-by-step explanation:
We use the gordon model for stock valuation:

current year dividends dividends x (1 + rgowth) = next year dividends
$2 * ( 1 + 0.05 ) = 2.10
then:
rate = 0.09
growth = 0.05
2.10/(0.09-0.05) = 52.5