a. Suppose the risk-free rate is 3.56% and an analyst assumes a market risk premium of 7.56%. Firm A just paid a dividend of $1.41 per share. The analyst estimates the of Firm A to be 1.36 and estimates the dividend growth rate to be 4.91% forever. Firm A has 273.00 million shares outstanding. Firm B just paid a dividend of $1.66 per share. The analyst estimates the of Firm B to be 0.71 and believes that dividends will grow at 2.54% forever. Firm B has 183.00 million shares outstanding. What is the value of Firm A?

b. Suppose the risk-free rate is 3.67% and an analyst assumes a market risk premium of 7.10%. Firm A just paid a dividend of $1.27 per share. The analyst estimates the of Firm A to be 1.39 and estimates the dividend growth rate to be 4.31% forever. Firm A has 282.00 million shares outstanding. Firm B just paid a dividend of $1.68 per share. The analyst estimates the of Firm B to be 0.70 and believes that dividends will grow at 2.48% forever. Firm B has 189.00 million shares outstanding. What is the value of Firm B?