Peanuts Inc. is a successful licensing holding company. Peanuts Inc. provides 12% required rate of return and is currently paying $1.5 dividend per share. The earnings and dividend growth prospects of the company are disputed by two analysts. 1. Lucy is forecasting a ROE = 16% and a payout ratio of 70% per year forever. 2. Linus is predicting a 20% growth in dividends, but only for the next two years, after which the growth rate is expected to slow to 4% forever. a. What is the intrinsic value of Peanuts' stock according to Lucy? Keep two decimal places and show your work. Por $ according to Lucy. b. What is the intrinsic value of Doc's stock according to Linus? Keep two decimal places and show your work. Po= $ according to Linus