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Assume that Cola Co. has a share price of $42.75. The firm will pay a dividend of $1.21 in one year, and you expect Cola Co, to raise this dividend by approximately 6.2% per year in perpetuity. a. If Cola Co.'s equity cost of capital is 8.4%, what share price would you expect based on your estimate of the dividend growth rate? b. Given Cola Co.'s share price, what would you conclude about your assessment of Cola Co.'s future dividend growth? a. If Cola Co.'s equity cost of capital is 8.4%, what share price would you expect based on your estimate of the dividend growth rate? Cola Co's price per share should be $. (Round to the nearest cent.) b. Given Cola Co.'s share price, what would you conclude about your assessment of Cola Co.'s future dividend growth? Given Cola Co's share price today, its dividend growth rate should be %. (Round to two decimal places.) Portage Bay Enterprises has $1 million in excess cash, no debt, and is expected to have free cash flow of $13 million next year. Its FCF is then expected to grow at a rate of 5% per year forever. If Portage Bay's equity cost of capital is 10% and it has 7 million shares outstanding, what should be the price of Portage Bay stock? The price of Portage Bay's stock is $ per share. (Round to the nearest cent.)