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