StoreAge Inc. recently paid its annual dividend ($1.00), and reported an ROE of 15%, of which 50% is paid as dividends. The stock has a beta of 1.00 . The current risk-free rate is 2.10% and the market risk premium (RM - RF) is 9.00%. Assuming that CAPM holds, what is the intrinsic value of this stock? $29.14 $29.86 $32.09 $30.32 $28.59