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Victoria Enterprises expects earnings before interest and taxes (EBIT) next year of $2.1 million. Its depreciation and capital expenditures will both be $306 000, and

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Victoria Enterprises expects earnings before interest and taxes (EBIT) next year of $2.1 million. Its depreciation and capital expenditures will both be $306 000, and it expects its capital expenditures to always equal its depreciation. Its working capital will increase by $52 000 over the next year. Its tax rate is 40%. If its WACC is 8% and its FCFs are expected to increase at 5% per year in perpetuity, what is its enterprise value? The company's enterprise value is $ (Round to the nearest dollar.) Westernport Bay Enterprises has $4 million in excess cash, no debt and is expected to have free cash flow of $15 million next year. Its FCF is then expected to grow at a rate of 5% per year forever. If Westernport Bay's equity cost of capital is 11% and it has 6 million shares outstanding, what should the price of Westernport Bay's shares be? The price of Westernport Bay's shares is $ (Round to the nearest cent.)

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