Suppose stock in Samsung Corporation has a beta of 0.80. The market risk premium is 6%, and the risk-free rate is 6%. Samsung's last dividend was 1.20 per share, and the dividend is expected to grow at 8% indefinitely. The stock currently sells for 45 per share. Samsung has a target debt-equity ratio of 0.50. Its cost of debt is 9%. Please ignore taxes for the purpose of this exercise.