5. Earnest Eagleton would like to purchase the stock of Evergreen Elms Corporation. The company plans to pay a dividend of $4.18 for the first year and $4.85 for the second year and he projects that the stock will sell for $54.32 at the end of the second year. He uses the Capital Asset Pricing Model to calculate his required rate of return. The present annual Rate of Return on U.S. Treasury Bill is 4.76%, the Beta of the company is 1.23, and the expected annual Rate of Return on the stock market is 14.2%. What is the intrinsic value of this stock ?