Please solve both a and b

Amarindo, Inc. (AMR), is a newly public firm with 115 million shares outstanding You are doing a valuation analysis of AMR. You estimate its free cash flow in the coming year to be $15.21 milion, and you expect the firris free cash flows to grow by 4.1% per year in subsequent years. Because the firm has only been listed on the stock exchange for a short lime, you do not have an accurate assessment of AMR's equity beta. However, you do have beta data for UAL, another firm in the same industry AMR has a much bwer debt-equity ratio of 0.24 , which is expected to romain stable, and its dobt is risk free. AMR's corporate tax rate is 205%. the risk-free rate is 5.4%, and the expocted return on the market portfolio is 10.6% a. Estimate AMF's equity cost of capital b. Estimate AMR's share price a. Estimate AMR's equity cost of capital The equity cost of captal is %. (Round to two decimal places) Data table (Click on the following icon D in order to copy its contents into a spreadnheet) Amarindo, Inc. (AMR), is a newly public firm with 115 million shares outstanding You are doing a valuation analysis of AMR. You estimate its free cash flow in the coming year to be $15.21 milion, and you expect the firris free cash flows to grow by 4.1% per year in subsequent years. Because the firm has only been listed on the stock exchange for a short lime, you do not have an accurate assessment of AMR's equity beta. However, you do have beta data for UAL, another firm in the same industry AMR has a much bwer debt-equity ratio of 0.24 , which is expected to romain stable, and its dobt is risk free. AMR's corporate tax rate is 205%. the risk-free rate is 5.4%, and the expocted return on the market portfolio is 10.6% a. Estimate AMF's equity cost of capital b. Estimate AMR's share price a. Estimate AMR's equity cost of capital The equity cost of captal is %. (Round to two decimal places) Data table (Click on the following icon D in order to copy its contents into a spreadnheet)