1 - thisyear, FCF Inc. has earnings before interest and taxes of $10,270,000, depreciation expenses of $1,100,000, capital expenditures of $1,400,000, and has increased its net working capital by $400,000. If its tax rate is 38%, what is its free cashflow?

Thecompany's free cash flow is $ (Round to two decimalplaces.)

2 - Portage Bay Enterprises has $1 million in excesscash, nodebt, and is expected to have free cash flow of $13 million next year. Its FCF is then expected to grow at a rate of 4% per year forever. If PortageBay's equity cost of capital is9% and it has 7 million sharesoutstanding, what should be the price of Portage Baystock?

The price of PortageBay's stock is $ per share