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es River Enterprises has $496 million in debt and 22 million shares of equity outstanding. Its excess cash reserves are $15 million. They are expected
es River Enterprises has $496 million in debt and 22 million shares of equity outstanding. Its excess cash reserves are $15 million. They are expected to generato $191 million in tree cash flows next year with a growth rate of 2% per year in perpetulty River Enterprises cost of equity capital is 12% After analyzing the compariy, 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 por share is $(Round to the nearest cant) Hom Op
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