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 a. Calculate the required rate of return for SmileWhite using the information in the following table December 2010 Beta Market Price Intrinsic Valuc Quick Brush 1.35 S45.00 S63.00 SmileWhite 1.25 $30 Note: Risk-free rate-4%; expected market return-15.5% Instruction: enter your answer as a percentage rounded to 1 decimal place Required rate of return b. Ludlow estimates the following EPS and dividend growth rate for SmileWhite 15% er yea 12% First three years: Years thereafter: ear 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 Year Dividends 2010 $1.00 2011 S 2012 S 2013 S 2014 S Intrinsic stock value in 2013: Intrinsic stock value in 2010: $