Please show all calculations done to get the answer, can be done by hand or in excel (as long as you show formulas) Thank you.

24. Suppose that the risk-free rate of retum is 1.5% and that the expected return on the market over the next year is 8%. If a firm pays a constant dividend of $3.40 and has a beta of 0.6, then what is the intrinsic value of one share of the firm's stock