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Suppose the risk - free rate is 3 . 8 7 % and an analyst assumes a market risk premium of 5 . 9 7

Suppose the risk-free rate is 3.87% and an analyst assumes a market risk premium of 5.97%. Firm A just paid a dividend of $1.10 per share. The analyst estimates the of Firm A to be 1.39 and estimates the dividend growth rate to be 4.70% forever. Firm A has 296.00 million shares outstanding. Firm B just paid a dividend of $1.79 per share. The analyst estimates the of Firm B to be 0.84 and believes that dividends will 'grow at 2.62% forever. Firm B has 185.00 million shares outstanding. What is the value of Firm B?
Answer format: Currency: Round to: 2 decimal places.
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