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.)

Rebel technology maintains its records using cash-basis accounting. during the year, the company received cash from customers, $43,000, and paid cash for salaries, $23,500. at the beginning of the year, customers owe rebel $1,000. by the end of the year, customers owe $6,600. at the beginning of the year, rebel owes salaries of $5,600. at the end of the year, rebel owes salaries of $3,300. determine cash-basis net income and accrual-basis net income for the year.

Match each economic concept with the scenarios that illustrates it

Hubert manages a grocery store in a country experiencing a high rate of inflation. to keep up with inflation, he spends a lot of time every day updating the prices, printing new price tags, and sending out newspaper inserts advertising the new prices. his employees regularly deal with customer annoyance over the frequent price changes. this is an example of the of inflation.