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Finance
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The present value of JECK Co.'s expected free cash flow is $103 million. If JECK has $32 million in debt. 56 million in cash. and 23 million shares outstanding, what is its share price? The company's share price is $(Round to the nearest cent.) Portage Bay Enterprises has $3 million in excess cash, no debt, and is expected to have free cash flow of $10 million next year. Its FCF is then expected to grow at a rate of 2% per year forever. If Portage Bay's equity cost of capital is 9% and it has 8 million shares outstanding, what should be the price of Portage Bay stock? The price of Portage Bay's stock is $ per share. (Round to the nearest cent)
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