$24\%.$

a$.$ This year, PKGR is expected to have free cash flows of $$6\mathrm{.}5$ billion. What constant expected growth rate of free cash flow is consistent with its current stock

that it will raise its debt$-$equity ratio to $0\mathrm{.}475$ through a leveraged recap, determine the increase or decrease in the stock price that would result from the anticipated tax savings.

a$.$ This year, PKGR is expected to have free cash flows of $$6\mathrm{.}5$ billion. What constant expected growth rate of free cash flow is consistent with its current stock

The constant expected growth rate of free cash flow is consistent with its current stock price is $\%.($Round to two decimal places.$)$

that it will raise its debt$-$equity ratio to $0\mathrm{.}475$ through a leveraged recap, determine the increase or decrease in the stock price that would result from the anticipated tax savings.

Increase $($or decrease$)$ in stock price is $$,($Round to the nearest cent. Use a minus sign to indicate a negative number.$)$