Question: FunLocker Inc. has recently generated a free cash flow to the firm of $126 mil. which is expected to grow at 2.6% into perpetuity. FunLocker's

FunLocker Inc. has recently generated a free cash flow to the firm of $126 mil. which is expected to grow at 2.6% into perpetuity. FunLocker's cost of equity and the weighted average cost of capital (WACC) is 10.3% and 8.4% respectively. The market value of its outstanding bonds is $211 mil. If the company has 19 million shares outstanding what is the value of its equity per share?

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