ter9&10 Question 7,1 Part 1 of 3 River Enterprises has $508 million in debt and 17 million shares of equity outstanding. Its excess cash reserves are $16 million. They are expected to generate $200 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? If the growth rate is 2%, the price per share is $ (Round to the nearest cent.)