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please help. River Enterprises has 5508 million in debt and 22 milion shares of equity outstanding. Its excess cash reserves are $15 million. They are
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River Enterprises has 5508 million in debt and 22 milion shares of equity outstanding. Its excess cash reserves are $15 million. They are expected to generate $199 million in troo cash flows next year with a growth rate of 2% per year in perpetuity River Enterprises cost of equity capital is 13%. After analyzing the company, you believe that the growth rate should be 3% instead of 2% How much higher in dollar) would the price per share be if you are right? CH the growth rato in 2%, the price per share is $. (Round to the nearest cont.) Step by Step Solution
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