$x-$Ray Inc. recently paid its annual dividend of $$3\mathrm{.}64,$ and reported an ROE of $7\%.$ The firm pays out $50\%$ of earnings as dividends. Based on your analysis, you estimate that the stock has a required return of $8\%.$ What is the intrinsic value of this stock? DO NOT ENTER THE $ SIGN. ALSO, ENTER YOUR ANSWER AS A PQSITIVE NUMBER. SET YOUR CALCULATOR TO A BECIMAL PLACES AND ROUND TO TY WO DECIMAL PLACES AT THE END, i$.$e$.$ IF YOUR ANSWER IS $33\mathrm{.}4348$ ENTER IT AS $33\mathrm{.}48$ ONLY