Blue Sky Corporation recently paid its annual dividend of $2.29, and reported an ROE of 8%. The firm pays out 50% of its earnings as dividends. The stock has a beta of 0.84. The current risk-free rate is 1.77% and the market return is 18.00%. Assuming that CAPM holds, what is the intrinsic value of this stock? DO NOT ENTER THE $ SIGN. ALSO, ENTER YOUR ANSWER AS A POSITIVE NUMBER. SET YOUR CALCULATOR TO 4 DECIMAL PLACES AND ROUND TO TWO DECIMAL PLACES AT THE END, i.e. IF YOUR ANSWER IS 33.4348 ENTER IT AS 33.48 ONLY