The next year earnings of ABC company will be $6 per share. ABC Company distributes 50% of its earnings (as dividends) and retain the rest in the company for the first 3 years. After that ( starting from the beginning of the 4th year), the firm will retain 30% of its earnings in the company, and it will continue to do that forever after. suppose that the ROE if ABC company is always at 20%, and the CAPM required return for stock ABC is 14%. Note that earnings grow at the same rate as dividends . based on all infromation, what is the intristic value of ABC stock today?