Assume that the risk$-$free rate of interest is $9\%$ and the expected rate of return on the market is $15\%.$ I am buying a firm with an

expected perpetual cash flow of $$1,300$ but am unsure of its risk. If I think the beta of the firm is $0\mathrm{.}9,$ when in fact the beta is really $1,$

how much more will I offer for the firm than it is truly worth? $($Do not round intermediate calculations. Round your answer to $2$

decimal places. Omit the $"$$$"$ sign in your response.$)$

Amount offered in excess

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