1. Victoria Enterprises expects earnings before interest and taxes (EBIT) next year of $1.2 million. Its depreciation and capital expenditures will both be $288,000, and it expects its capital expenditures to always equal its depreciation. Its by $50,000 over the next year. Its tax rate is 32%. If its WACC is 9% and its FCFs are expected to increase at 3% per year in perpetuity, what is its enterprise value? The company's enterprise value is $ (Round to the nearest dollar.) 2. River Enterprises has $496 million in debt and 21 million shares of equity outstanding. Its excess cash reserves are $14 million. They are expected to generate $207 million in free cash flows next year with a growth rate of 2% per year in perpetuity. River Enterprises' cost of equity capital is 13%. After analyzing the company, you believe that the growth rate should be 3% instead of 2%. How much higher (in dollars) would the price per share be if you are right? If the growth rate is 2%, the price per share is $ (Round to the nearest cent.) If the growth rate is 3%, the price per share is $ (Round to the nearest cent.) higher. (Round to the If you are right and the growth rate is 3%, the price per share would be $ nearest cent.)