Please explain the steps for how to solve for the correct answer.

The price of Asset C today is Po = $77 and expected return is 9%. Asset C's required return is 14%. Calculate Asset C's intrinsic value (Vo). Express your answer as a decimal

with two digits after the decimal point (e.g., 12.34).

Correct Answer: 73.62

The price of Asset C today is P0=$77 and expected return is 9%. Asset C 's required return is 14%. Calculate Asset C 's intrinsic value ( V0). Express your answer as a decimal with two digits after the decimal point (e.8. 12.34). 77,00 Correct Answer: 73.62