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River Enterprises has $508 million in debt and 19 million shares of equity outstanding. Its excess cash reserves are $17 million. They are expected to

River Enterprises has $508 million in debt and 19 million shares of equity outstanding. Its excess cash reserves are $17 million. They are expected to generate $191 million in free cash flows next year with a growth rate of 2% per year in perpetuity. River Enterprises' weighted average cost of capital is

11%. 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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