Portage Bay Enterprises has million in excess cash, no debt, and is expected to have free cash flow of million next year. Its FCF is then expected to grow at a rate of per year forever. If Portage Bay's equity cost of capital is   and it has million shares outstanding, what should be the price of Portage Bay stock? The price of Portage Bay's stock is $ enter your response here per share.  (Round to the nearest cent.)