Amarindo, Ine (AMre, is a nowly publio fem wet 9.0 mition shares outstanding You are doing a valuation analyois of AMR. You estimate its froe cash flow in the coming year to be 315 . 48 millon, and you expect the frm's free cash flows to grow by 4.1% per year in subsequent years. Because the firm has only been listed on the atock oxchange for a short tme, you do not have an accurath assestment of AMR's equity beta. However, you do heve beta data for UAL, another firm in the same industry? AMR has a much lower debt-equily ratio of 0.33, which is napected to remain stable, and is debt is risk free. AMR's corporate tax rate is 20%, the risk-free rale is 5.4%, and the expected retum on the market portfolio is 10.9%. a. Estmate AMF's equity cost of capital. b. Estimate AuR's share price. a. Estimate AMr's equty cost of capital. The equity cost of capital is \%. (Round to two decimal places) \begin{tabular}{cccc} & Equity Beta & Debt Beta & Debt-Equity Ratio \\ \hline UAL & 1.65 & 0.33 & 1.1 \\ \hline \end{tabular}