Intrinsic Value Calculation Using Gordon Growth Model

XYZ Corporation is a mature company in the consumer goods sector. The company has consistently paid dividends for the last 15 years, and its dividends are expected to grow indefinitely at a stable rate of 4% per year. Currently, investors require a return of 10% on similar investments in the market.

What is the intrinsic value of XYZ Corporation's stock using the Gordon Growth Model (a type of Dividend Discount Model)?