Portage Bay Enterprises has no debt, $1.6 million in cash, and is expected to have free cash Fow of $14 milition next year. It is then expected to grow at a rate of 4% per year forever if Portage Bay's equity cost of capital is 13% and it has 7 million 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.)