Clorox Corp. is a mature company with a very predictable dividend policy. The last dividend (annual) the company paid was $1.44. The required return you estimate for the firm is 12.75%. The ROE is constant at 18% and the dividend payout ratio is constant at 40%. Dividends are expected to grow at a constant rate indefinitely. Given this information, what is the intrinsic value (theoretical value) of Clorox (within 25 cents)?