Nine Point Industries recently paid its annual dividend of $2.17, and reported an ROE of 9%. The firm pays out 50% of earnings as dividends. Based on your analysis, you estimate that the stock has a required return of 13%. What is the intrinsic value of this stock? DO NOT ENTER THE $. SIGN. ALSO, ENTER YOUR ANSWER AS A POSITIVE NUMBER. SET YOUR CALCULATOR TO 4 DECIMAL PLACES AND ROUND TO TWO DECIMAL PLACES AT THE END, i.e. IF YOUR ANSWER IS 33.4343 ENTER IT AS 33.43 ONLY