You purchase the shares of Reliable Electronics, Inc. $($NYSE: RE$)$ now and expect to hold them for four years. Youare planning to sell the stocks at the end of Year $4.$ You collected the following information.Dividend forecasts: $$1\mathrm{.}20$ in Year $1,$ $$1\mathrm{.}30$ in Year $2,$ $$1\mathrm{.}40$ in Year $3,$ $$1\mathrm{.}50$ in Year $4$Dividend growth rate levels off in the fourth year and stays constant thereafter. Value Line forecasts a dividend payout ratio of $0\mathrm{.}60$ and a ROE of $10\mathrm{.}0\%.$Beta of RE$-1\mathrm{.}2$Risk$-$free rate $=1\mathrm{.}40\%$ Forecast of market risk premium $=5\mathrm{.}5\%$ Estimate the RE's intrinsic value as of Year $0($today$).$ Assume efficient prices when estimating the future stockprice at which you can sell your shares of RE at the end of Year $4,$ when dividends enter a constant growth phase.