Question: How do you solve this: Conundrum Mining is expected to generate the free cash flows over the next four years as follow (in mIllions): $12,
How do you solve this: Conundrum Mining is expected to generate the free cash flows over the next four years as follow (in mIllions): $12, $18, $22, $26 respectively. After which they are expected to grow at a rate of 5% per year. If the weighted average cost of capital is 12% and Conundrum has cash of $80 million, debt of $60 million, and 30 million shares outstanding, what is Conundrum's expected current share price
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