Problem 01-04 (Algo)A firm’s current profits are $900,000. These profits are expected to grow indefi

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Problem 01-04 (Algo)A firm’s current profits are $900,000. These profits are expected to grow indefinitely at a constant annual rate of 4 percent. If the firm’s opportunity cost of funds is 6 percent, determine the value of the firm:Instructions: Round your responses to 2 decimal places.a. The instant before it pays out current profits as dividends.$ millionb. The instant after it pays out current profits as dividends.$ million