The risk$-$free rate of return is $7\mathrm{.}0\%,$ the expected rate of return on the market portfolio is $14\%,$ and the stock of Xyrong Corporation has a beta coefficient of $1\mathrm{.}3.$ Xyrong pays out $50\%$ of its earnings in dividends, and the latest earnings announced were $$8$ per share. Dividends were just paid and are expected to be paid annually. You expect that Xyrong will earn an ROE of $25\%$ per year on all reinvested earnings forever.

Required:

a$.$ What is the intrinsic value of a share of Xyrong stock? $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

Intrinsic value

b$-1.$ If the market price of a share is currently $$124,$ and you expect the market price to be equal to the intrinsic value one year from now, calculate the price of the share after one year from now. $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

Price

b$-2.$ What is your expected one$-$year holding$-$period return on Xyrong stock? $($Do not round intermediate calculations. Round your answer to $2$ decimal places.$)$

Expected one$-$year holding$-$period return

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