The Chief Financial Officer (CFO)of the R79F Company is interested to identify the value of this company under multiple methods,for example, discounting dividend method using cost of equity or discounting cash flows using WACC.The company has 4 million shares, It has $79 million of debt at an interest rate of 6.5 per cent. The market believes that R79F can generate earnings of $12 million before interest and tax in perpetuity, and that R79F's beta coefficient is 2.1.R79F will pay out its available profits as dividends to its shareholders. Market risk premium is 3.8 per cent and govt bond yields 4.1 per cent. Tax rate is 37 per cent.

Requirement-Calculate market value of R79F using suitable methods.