Question: River Enterprises has $ 4 9 8 4 9 8 million in debt and 1 8 1 8 million shares of equity outstanding. Its excess

River Enterprises has $498498 million in debt and 1818 million shares of equity outstanding. Its excess cash reserves are $ 17$17 million. They are expected to generate $198198 million in free cash flows next year with a growth rate of 22% per year in perpetuity. River Enterprises' weighted average cost of capital is 1111%. After analyzing the company, you believe that the growth rate should be 33% instead of 22%. How much higher(in dollars) would the price per share be if you are right?
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Part 1
If the growth rate is 22%, the price per share is $enter your response here. (Round to the nearest cent.)'

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