Amarindo, Inc. (AMR), is a newly public firm whth 11.0 milion shares outstanding, You are doing a valuation analysis of AMR. You estmate its free cash fow in the coming year to be 514.53 million, and you expoct the firm's free cash flows to grow by 4.2% per year in subuequent years. Bocauso the firm has only been listed on the stock exchange for a short time, you do not have an accurate assessment of AMR's equity beta. However, you do have beta data for UAL, another firm in the same industry: AMR has a much lower debt-equity ratio of 0.45 , which is expected to temain stable, and its debt is risk free. AMR's corporate tax rate is 20%, the risk-free rate is 4.8%, and the expected retum on the market porttolio is 10.7%. a. Estimate AMRrs oquity cost of capital. b. Estimate AMR's share price. a. Estimate AMR's equily cost of captal. The equily cost of capitat is 6. (Round to two docimal places.) Data table (Click on the following icon in order to copy its contents into a spreadsheet.)