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Portage Bay Enterprises hus 82 million in excess cash, no debt and is expected to have free cash flow of $14 milion next year Its
Portage Bay Enterprises hus 82 million in excess cash, no debt and is expected to have free cash flow of $14 milion next year Its FCF is then expected to grow at a rate of 6% per year forever Portage Bay's equity cost of capital is 9% and it has 6 milion shares outstanding, what should be the price of Portage Bay stock? The price of Portugo Bays stock - $ ]per share (Round to the rearost cent)
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