Suppose the risk-free rate is 2.68% and an analyst assumes a market risk premium of 7.50%. Firm A just paid a dividend of $1.35 per share. The analyst estimates the of Firm A to be 1.29 and estimates the dividend growth rate to be 4.72% forever. Firm A has 278.00 million shares outstanding. Firm B just paid a dividend of $1.75 per share. The analyst estimates the of Firm B to be 0.81 and believes that dividends will grow at 2.24% forever. Firm B has 195.00 million shares outstanding. What is the value of Firm A?

Round to 2 decimals