Suppose the risk-free rate is 1.11% and an analyst assumes a market risk premium of 7.85\%. Firm A just paidi a dividend of $1.48 per share. The analyst estimates the β of Firm A to be 1.27 and estimates the dlvidend growth rate to be 4.30% forever. Firm A has 275,00 million shares outstanding. Firm B just paid a dividend of $1.85 per share. The analyst estimates the β of Firm B to be 0.84 and believes that dividends will grow at 2.40% forever. Firm B has 197.00 million shares outstanding. What is the value of Firm A ?

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