Help Calculate the intrinsic value of a share of Bernadette Beignets, Inc. The company has a beta coefficient of 1.9. Bernadette Beignets' latest earnings were $7.50 per share. The company pays out 50% of its 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 return? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Expected one-year holding-period retum %