Suppose the risk-free rate is 1.06% and an analyst assumes a market risk premium of 6.36%. Firm A just paid a dividend of $1.38 per share. The analyst estimates the β of Firm A to be 1.41 and estimates the dividend growth rate to be 4.36% forever. Firm A has 281.00 million shares outstanding. Firm B just paid a dividend of $1.81 per share. The analyst estimates the β of Fim B to be 0.78 and believes that dividends will grow at 2.20% forever. Firm B has 196.00 millon shares outstanding. What is the value of Firm B? Answer format: Cumency: Round to: 2 decimal places.

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