Consider two firms, TD and LK, that are each expected to pay the same $3.2 million dividend every year in perpetuity. TD Corporation is riskier and has a cost of capital of 17%. LK is not as shaky as TD, so LK has a cost of capital of only 11%. Assume that the market portfolio is not efficient. Both stocks have the same beta and CAPM would assign them both an expected return of 12%. The market value for TD Corporation is closest to: $16.2 million $29.0 million $53.3 million None of the above