Problem 6-29 Residual Income Model (LO3, CFA9) Beauties engages in the development, manufacture, and sale of a line of cosmetics designed to make your dog loolk m. Assume the values glamorous. Below you will find selected information necessary to compute some valuation estimates for the fir provided are from year-end 2015. Also assume that the firm's equity beta is 1.40, the risk-free rate is 300 percent, and the market risk premium is 8.0 percent Dividenda per share Return on equity Book value per share $ 4.44 17.50 $18.05 Earnings Cash Plow Sales $7.007.60 $26.65 3.16 2015 value per share Average price multiple Forecasted growth rate 15.10 13.88% 12.419 8.541 10.02 The required return is 14.20 percent. Use the clean surplus relationship to calculate the share price for Beagle Beauties with the residual income model. (Do not round intermediate calculations. Round your r to 2 decimal places.) Share price