You are contemplating bidding to buy Company Z. Company Z has perpetual after tax cash flows of $1,000 per year, with each cash flow occurring at the end of the year. You are having trouble figuring out the bet for Company Z. Suppose that you arrive at your valuation using a beta of 0.75 when the true beta is 0.90. How much will you overpay for Company Z due to using the incorrect beta? Assume that the risk free rate is 6% per annum and the market risk premium is 5% per annum. (4 points)