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river enterprises has $490 million in debt and 17 million shares of equity outstanding. It's excess cash reserves are $17 million. they are expected to
river enterprises has $490 million in debt and 17 million shares of equity outstanding. It's excess cash reserves are $17 million. they are expected to generate $190 million in free cash flkow next year with a growth rate of 2% in perpetuity. river enterprises' cost of equity capital is 13%. after analyzing the company, you believe that the growth rate should be 3% instead of 2%. how much higher (in dollars) would the price per share be if you are right
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