Business, 05.11.2019 05:31, angellll4455

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 3 % per year forever. if portage bay's equity cost of capital is 9 % and it has 4 million shares outstanding, what should be the price of portage bay stock?

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Portage bay enterprises has $ 1 million in excess cash, no debt, and is expected to have free cash f...