A firm's current profits are $$900,000.$ These profits are expected to grow indefinitely at a constant annual rate of $2$ percent. If the firm's opportunity cost of funds is $4$ percent, determine the value of the firm:

Instructions: Enter your responses rounded to one decimal place.

a$.$ The instant before it pays out current profits as dividends.

$$ million

b$.$ The instant after it pays out current profits as dividends.

$$45\mathrm{.}9$ million