14. Dayton Manufactured Homes (DMH) builds prefabricated homes and mobile homes. Favorable demographics and the likelihood of slow, steady increases in market share should enable DMH to maintain its ROE of 15 percent and growth rate of 10 percent through time. DMH has a book value of $30 per share, and the required rate of return on its equity is 12 percent. Compute the value of its equity using the single-stage residual income model.