Amarindo, Inc. (AMR), is a newly public firm with 8.5 million shares outstanding. You are doing a valuation analysis of AMR. You estimate its free cash flow in the coming year to be $15.06 million, and you expect the firm's free cash flows to grow by 4.1% per year in subsequent years. Because the firm has only UAL, another firm in the same industry: AMR has a much lower debt-equity ratio of 0.33, which is expected to remain stable, and its debt is risk free. AMR's corporate tax rate is 20%, the risk-free rate is 4.9%, and the expected return on the market portfolio is 11.5%. a. Estimate AMR's equity cost of capital. b. Estimate AMR's share price. a. Estimate AMR's equity cost of capital. The equity cost of capital is \%. (Round to two decimal places.) Click on the following icon in order to copy its contents into a spreadsheet.) Amarindo, Inc. (AMR), is a newly public firm with 8.5 million shares outstanding. You are doing a valuation analysis of AMR. You estimate its free cash flow in the coming year to be $15.06 million, and you expect the firm's free cash flows to grow by 4.1% per year in subsequent years. Because the firm has only UAL, another firm in the same industry: AMR has a much lower debt-equity ratio of 0.33, which is expected to remain stable, and its debt is risk free. AMR's corporate tax rate is 20%, the risk-free rate is 4.9%, and the expected return on the market portfolio is 11.5%. a. Estimate AMR's equity cost of capital. b. Estimate AMR's share price. a. Estimate AMR's equity cost of capital. The equity cost of capital is \%. (Round to two decimal places.) Click on the following icon in order to copy its contents into a spreadsheet.)