DownUnder Financial recently paid a dividend of 1.80 Australian dollars (A\$). An analyst has examined the financial statements and historical dividend policy of DownUnder and expects that the firm's dividend rate will grow at a constant rate of 3.5% indefinitely. The analyst also determines DownUnder's beta is 1.5, the risk-free rate is 4%, and the expected return on the market portfolio is 8%. Estimate DownUnder's required return. Show all your work. Based on the information culate the current value of DownUnder's shares. Show all your work