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(couldnt fit full image here so i will type full question) Portage Bay Enterprises has no debt, $0.7 million in cash, and is expected to
(couldnt fit full image here so i will type full question) 
the price of Portage Bay's stock be? The price of Portage Bays stock is if per share. (fllound to the nearest cent.) Portage Bay Enterprises has no debt, $0.7 million in cash, and is expected to have free cash flow of $15 million next year. It is then expected to grow at a rate of 4% per year forever. If Portage Bay's equity cost of capital is 12% and it has 7 million shares outstanding, what should the price of Portage Bay's stock be?
The price of Portage Bay's stock is $ per share. (Round to the nearest cent.)
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The Handbook Of Equity Market Anomalies
Authors: Leonard Zacks
1st Edition
0470905905, 978-0470905906
