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Suppose the risk - free rate is 1 . 7 1 % and an analyst assumes a market risk premium of 5 . 0 6

Suppose the risk-free rate is 1.71% and an analyst assumes a market risk premium of 5.06%. Firm A just paid a dividend of $1.21 per share. The analyst estimates the \beta of Firm A to be 1.39 and estimates the dividend growth rate to be 4.99% forever. Firm A has 295.00 million shares outstanding. Firm B just paid a dividend of $1.65 per share. The analyst estimates the \beta of Firm B to be 0.79 and believes that dividends will grow at 2.29% forever. Firm B has 189.00 million shares outstanding. What is the value of Firm B? please round it to 2 decimals and step by step I need to learn how to do it.

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