What is the intrisic value?

Westsyde Tool Company is expected to pay a dividend of $1.50 in the upcoming year. The risk-free rate of return is 6%, and the expected return on the market portfolio is 14%. Analysts expect the price of Westsyde Tool Company shares to be $22 a year from now. The beta of Westsyde Tool Company's stock is 1.4. Compute the intrinsic value of Westsyde Tool Company's stock. Round your answer to 2 decimal places, and enter your answer without the dollar sign. Your Answer: Answer Hide hint for Question 9 Use the CAPM for the required return (market capitalization rate)