Portage Bay Enterprises has 31 mition in excess cash, no debt, and is expected to havo free cash fow of 510 milion neat yeac its FCF is then expected to grow at a rate of 3\% per year fornyer. Portage Bay's equity cost of captal is 11% and it has 5 milion shares cutstanding, what ahould be the price of Portage Buy stock? The price of Portage Bay's stock is 5 pet share. (Round to the nearest cent.) Noxt yoar, BHH Co. is expocted to pay a dividend of $3.23 per share from eamings of $5.02 per share. The equily cost of caplital for BHH is 11.6%. What ahould BHHth fonward AE ratio be if its dividend growth rate is expected to be 3.7% for the foreseeable future? The forward P/E ratio is (Round to two decimal places)