Investor A is evaluating a stock of a company that has a history of stable dividends. The company is expected to pay dividends of $4.00 per share next year, and dividends are projected to grow at a constant rate of 5% per year indefinitely. The required rate of return for this investment is 10%.

Using the Gordon Growth Model (Dividend Discount Model), Investor A wants to calculate the intrinsic value of the stock. Which of the following represents the correct intrinsic value of the stock according to this model?