Calculate the intrinsic value of Toyota in each of the following scenarios by using the three$-$stage growth model of

Spreadsheet $18\mathrm{.}1.$ Treat each scenario independently.

Required:

a$.$ The terminal growth rate will be $6\mathrm{.}5\%.$

Note: Round your answer to $2$ decimal places.

b$.$ Toyota's actual beta is $1\mathrm{.}05.$

Note: Round your answer to $2$ decimal places.

c$.$ The market risk premium is $9\mathrm{.}5\%.$

Note: Round your answer to $2$ decimal places.