The GTE also issues its own stock in the market, which is expected to pay a dividend of D$1=$ $$1\mathrm{.}60$ per share at the end of the first year, and that dividend is expected to grow at a constant rate of $5\mathrm{.}00\%$ per year in the future. The GTE's beta is $1\mathrm{.}25,$ the market risk premium is $6\mathrm{.}50\%,$ and the risk$-$free rate is $4\mathrm{.}50\%.$ The CPA firm asks you to help estimate GTE$$s current stock price, and the company$$s value if GTE has $1$ million shares outstanding.