Question 12 3.43 pts Janet Ludlow's firm requires all its analysts to use a two-stage DDM and the CAPM to value stocks. Using these measures, Ludlow has valued QuickBrush Company at $63 per share. She now must value SmileWhite Corporation. Calculate the required rate of return for SmileWhite using the information in the following table: December 2010 Quick Brush SmileWhite Beta 1.35 1.2 Market Price $45 $30 Intrinsic Value $63 ? Note: Risk free rate = 4%; expected market return = 14.5% Instruction: enter your answer as a decimal rounded to 4 decimal place