Constant Growth Dividend Disc Model

Dividends 2002: 2$ Dividends 2008: 3$ Expected Return on Market: 17% Expected nominal risk free return: 9% Stocks Beta: 1.8 Stocks Market Price as January 1 2009: 19 Using the CONSTANT dividend discount model what is the intrinsic value of the stock ??

19.57?

How ?? Can you show the calculations pls

G=(3/2)^1/6=7% R=9+1.8(8)=23.4% P=d0(1+G)/(R-g)=3(1.07)/(0.234-0.07)