River Enterprises has

$$$$503503$

million in debt and

$2222$

million shares of equity outstanding. Its excess cash reserves are

$ $16$$$16$

million. They are expected to generate

$$$$199199$

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

$1313\%.$

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?

Question content area bottom

Part $1$

If the growth rate is

$22\%,$

the price per share is

$$$enter your response here.

$($Round to the nearest$$ cent.$)$

Part $2$

If the growth rate is

$33\%,$

the price per share is

$$$enter your response here.

$($Round to the nearest$$ cent.$)$

Part $3$

If you are right and the growth rate is

$33\%,$

the price per share would be

$$$enter your response here

higher.$($Round to the nearest$$ cent.$)$