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please solve by wirting out not excel. Portage Bay Enterprises has $4 million in excess cash, no debt, and is expected to have free cash
please solve by wirting out not excel.
Portage Bay Enterprises has $4 million in excess cash, no debt, and is expected to have free cash flow of FCF is then expected to grow at a rate of 3% per year forever. If Portage Bay's equity cost of capital is 13% and it has 5 million shares outstanding, what should be the price of Portage Bay stock? The price of Portage Bay's stock is $ 180.8 per share. (Round to the nearest cent.) Step by Step Solution
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