Portage Bay Enterprates hess $3 milion in excess cash, no dobt, and is expected to have free cash flow of $10 milion next year. Is FCF is then expected to grow at a rase of 2$ per year forever. If Portago Bays equity cost of caplitit is 12% and it has 7 millon thares outstanding. What should bo the prico of Partage Bay thock? The price of Portage Bay's stock is s per share. (Round to the nearest cent)