Need Full Solutions For The Entire Question Please Portage Bay Enterprises has no debt and is expected to have free cash flow of $12 million next year. It is then expected to grow at a rate of 2% per year forever. If Portage Bay's equity cost of capital is 11% and it has 6 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.)