Question: Corporate valuation Scampini Technologies is expected to generate $75 million in free cash flow next year, and FCF is expected to grow at a constant

Corporate valuation

Scampini Technologies is expected to generate $75 million in free cash flow next year, and FCF is expected to grow at a constant rate of 5% per year indefinitely. Scampini has no debt or preferred stock, and its WACC is 11%. If Scampini has 55 million shares of stock outstanding, what is the stock's value per share? Round your answer to two decimal places.

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