Question: FIN3100 doesn't pay any dividends and it has no plans to pay dividends in the near future. The pension fund manager has estimated FIN3100's free

 FIN3100 doesn't pay any dividends and it has no plans to

FIN3100 doesn't pay any dividends and it has no plans to pay dividends in the near future. The pension fund manager has estimated FIN3100's free cash flows for the next 3 years as follows: $2.2 million $2.7 million, and $4.9 million. After the third year, free cash flow is projected to grow at a constant 6%. Calvert's WACC is 10%, the market value of its debt and preferred stock totals $11 million, and it has 2 million shares of common stock outstanding. What is an estimate of FIN3100's price per share? O 35.125 O 47.236 O 37.178 0 29.129 O 11.789

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