Janet Ludlow's firm requires all its analysts to use a two-stage DDM and the CAPM to value stocks. Using these measures, Ludlow has valued QuickBrush Company at $63 per share. She now must value SmileWhite Corporation. Ludlow estimates the following EPS and dividend growth rate for SmileWhite: First Three years: 15% per year Years thereafter: 12% per year Estimate the intrinsic value of SmileWhite in December 2010 using the table above and the two-stage DDM. Dividends per share in 2010 were $1. Instruction: enter your answer as a decimal number rounded to 2 decimal places. You may use the results obtained in Question 8-13, 8- 14, 8-15, 8-116, and 8-17. Year Dividends 2010 $1.00 2011 2012 From Question 8-13 From Question 8-14 From Question 8-15 From Question 8-16 2013 2014 tv w X M