Calculate the intrinsic value of a share of Bernadette Beignets, Inc The company has a beta coefficient of 19. Bernadette Beignets latest earnings were $7.50 per share. The company pays out 50% of es earnings in dividends Dividends were just paid and are expected to be paid annually. You expect that Bernadette Beignets will earn an ROE of 18% per year on all reinvested earnings forever. Assume a risk-free rate of 5.5% and an expected rate of return on the market portfolio of 14% (Do not round intermediate calculations. Round your answer to 2 decimal places.) Intrinsic value If the market price of a share of Bernadette Beignets is currently $27, and you expect the market price to be equal to the intrinsic value one year from now, what is your expected 1-year holding-period retur? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Expected one-year holding period return