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Suppose the risk-free rate is 2.97% and an analyst assumes a market risk premium of 6.76%. Firm A just paid a dividend of $1.06 per

Suppose the risk-free rate is 2.97% and an analyst assumes a market risk premium of 6.76%. Firm A just paid a dividend of $1.06 per share. The analyst estimates the of Firm A to be 1.34 and estimates the dividend growth rate to be 4.96% forever. Firm A has 299.00 million shares outstanding. Firm B just paid a dividend of $1.80 per share. The analyst estimates the of Firm B to be 0.87 and believes that dividends will grow at 2.87% forever. Firm B has 180.00 million shares outstanding. What is the value of Firm B? Currency: Round to: 2 decimal places.

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