Victoria Enterprises expects earnings before interest and taxes (EBIT) next year of $2.4 million. Its depreciation and capital expenditures will both be $288,000, 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 35%. If its WACC is 9% and its FCFs are expected to increase at 6% per year in perpetuity, what is its enterprise value? The company's enterprise value is $. (Round to the nearest dollar.) Portage Bay Enterprises has $1 million in excess cash, no debt, and is expected to have free cash flow of $9 million next year. Its FCF is then expected to grow at a rate of 5% per year forever. If Portage Bay's equity cost of capital is 11% and it has 6 million shares outstanding, what should be the price of Portage Bay stock? . The price of Portage Bay's stock is $ per share. (Round to the nearest cent.)