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Neptune Corporation recently paid its annual dividend of $3.33. Dividends have consistently grown at a rate of 7%. The stock has a beta of 0.88.

Neptune Corporation recently paid its annual dividend of $3.33. Dividends have consistently grown at a rate of 7%. The stock has a beta of 0.88. The current risk-free rate is 2.08% and the market return 10.9%. Assuming that CAPM holds, what is the intrinsic value of this stock? DO NOT ENTER THE $ SIGNALSO, ENTER YOUR ANSWER AS A POSITIVE NUMBER SET YOUR CALCULATOR TO 4 DECIMAL PLACES AND ROUND TO TWO DECIMAL PLACES AT THE END, IF YOUR ANSWER IS 33.4667 ENTER IT AS 33,47 ONLY

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