Help with Part D$!!!!!$

The following ansers are incorrect:

$36\mathrm{.}17$

$33\mathrm{.}32$

$50\mathrm{.}24$

$20\mathrm{.}05$

$36\mathrm{.}09$

$55\mathrm{.}49$

$24\mathrm{.}90$

$13\mathrm{.}83$

$79\mathrm{.}94$

$93\mathrm{.}52$

d$.$ What is your estimate of DEQS's intrinsic value per share if you expected DEQS to pay out only $25\%$ of earnings starting in year $6?$

$($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

Answer is complete but not entirely correct.

Intrinsic value

$

$33\mathrm{.}32x$