he Blackrock Group is estimating the value of ABC Inc, a firm that it may purchase for cash. ABC is currently paying a $$1\mathrm{.}25$ quarterly dividend $($next is due one quarter from today$).$ Blackrock chooses to evaluate ABC as if this dividend will remain constant for $5$ years and then start to forever decrease at a rate of $2\%$ APR compounded quarterly $($the dividend in quarter $21$ will be $99\mathrm{.}5\%$ of the dividend in quarter $20,$ etc.$).$ Finally, Blackrock has estimated ABC stock's required return using the CAPM, which results in a required return of $14\%$ APR compounded quarterly.

A$.$ What is the estimated price per share of ABC stock?

B$.$ Suppose after arriving at the price you find in part A$,$ Blackrock comes across information that would cause them to increase the CAPM beta estimate of ABC stock. All else constant, what result would this have on their estimated price of ABC? And why?