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Beagle Beauties engages in the development, manufacture, and sale of a line of cosmetics designed to make your dog look glamorous. Below you will find

Beagle Beauties engages in the development, manufacture, and sale of a line of cosmetics designed to make your dog look
glamorous. Below you will find selected information necessary to compute some valuation estimates for the firm. Assume the values
provided are from year-end 2021. Also assume that the firm's equity beta is 1.40, the risk-free rate is 2.60 percent, and the market risk
premium is 7.0 percent.
The sustainable growth rate is 5.244 percent, and the required return is 12.40 percent. Use the clean surplus relationship to calculate
the share price for Beagle Beauties with the residual income model.
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
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