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 $1\mathrm{.}40,$ the risk$-$free rate is $2\mathrm{.}60$ percent, and the market risk

premium is $7\mathrm{.}0$ percent.

The sustainable growth rate is $5\mathrm{.}244$ percent, and the required return is $12\mathrm{.}40$ 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.

Answer is complete but not entirely correct.