Portage bay enterprises has 2 million in excess cash no, Ask an Expert

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Portage Bay Enterprises has $ 2 million in excess? cash, no? debt, and is expected to have free cash flow of $ 14 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 12 % and it has 44 million shares? outstanding, what should be the price of Portage Bay? stock?

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Financial Management, Finance

Category:- Financial Management
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