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Suppose the risk-free rate is 3.24% and an analyst assumes a market risk premium of 5.23%. Firm A just paid a dividend of $1.26 per

Suppose the risk-free rate is 3.24% and an analyst assumes a market risk premium of 5.23%. Firm A just paid a dividend of $1.26 per share. The analyst estimates the of Firm A to be 1.29 and estimates the dividend growth rate to be 4.52% forever. Firm A has 284.00 million shares outstanding. Firm B just paid a dividend of $1.61 per share. The analyst estimates the of Firm B to be 0.87 and believes that dividends will grow at 2.64% forever. Firm B has 184.00 million shares outstanding. What is the value of Firm A?

Answer format: Currency: Round to: 2 decimal places.

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