A firm is expected to pay a dividend of 1 per share next year and then grow. the dividend at a rate of 3% per year forever. In order to value the company using the constant growth dividend model, you use CPM to estimate the firm market capitalization rate You assume the risk free rate is 5% and that the market risk premium is 5.5%. The beta of the stock is 0.75. Calculating the intrinsic value of the company using constant -growth DDM and the market capitalization rate calculated by CAPM you get