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(Stocks) ABC Corp has a 13.91% return on equity and reinvests (retains) 29% of its profits. What is the intrinsic value of the company's share

(Stocks) ABC Corp has a 13.91% return on equity and reinvests (retains) 29% of its profits. What is the intrinsic value of the company's share of stock, to the nearest penny, if the required rate of return is 12.29% and the most recent annual dividend per share (D0) was $1.22? If your answer is, e.g., $45.365, record it as 45.37.

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