please answer this part b

6 Problem 18-13 10 The risk tree rate of return i 7. the expected rate of return on the market portfolio in 15 and the stock of Xyrong Corporation Dete coefficient of 16. Xyron pays out 30% of as earnings ia vidends, and the latest earnings announced were $9.00 per Share Dividends were just paid and are expected to be paid annually. You expect that Xylong wit earn en ROE of 20% per year on a reinvested earnings forever What is the intrinsic value of a share of Xyrong stock? Do not round Intermediate calitation. Round your answer to 2 decimal places BOOM ht 3:07 b. If the market price of a share is currently $50, and you expect the market price to be equal to the intrinsic value one year from now. What is your expected 1 year holding period return on Xyrong stock? Do not round intermediate calculations. Round your answer to 2 decimal places Expected oneyear-poretum