IDX Technologies is a privately held developer of advanced security systems based in Chicago. As part of your business development strategy, in late $2008$ you initiate discussions with IDX's founder about the possibility of acquiring the business at the end of $2008.$ Estimate the value of IDX per share using a discounted FCF approach and the following data:

Debt: $$22$ million

Excess cash: $$100$ million

Shares outstanding: $50$ million

Expected FCF in $2009$: $$44$ million

Expected FCF in $2010$: $$53$ million

Future FCF growth rate beyond $2010$: $6\%$

Weighted$-$average cost of capital: $9\mathrm{.}4\%$