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olease answer neatly Portage Bay Enterprises has no debt, $0.7 miltion in cash, and is expected to have free cash flow of $13 million next
olease answer neatly Portage Bay Enterprises has no debt, $0.7 miltion in cash, and is expected to have free cash flow of $13 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 4 milion 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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