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Score: 0 ofipl 4 of 27 (4 completo) HW Score: 14.81%, 4 of 27 pts P 10-4 (similar to) Question Help Portage Bay Enterprises has

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Score: 0 ofipl 4 of 27 (4 completo) HW Score: 14.81%, 4 of 27 pts P 10-4 (similar to) Question Help Portage Bay Enterprises has 54 milion in excess cash, no debit, and is expected to have the cash flow of $14 min next year. Its FCF is the expected to grow at a rate of 3% per year forever I PortageBay's equally cost of capitalis 12% and it has 4 million shares outstanding, what should be the price of Portage Bay stock? The price of Portage Bay's stock is sper share. Round to the nearest cent)

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