Question: Question 2 3 pts Last year Brain Inc generated FCF of $1.5 M. Marginal tax rate is 19%. Analysts estimate that its growth rate in

Question 2 3 pts Last year Brain Inc generated FCF of

Question 2 3 pts Last year Brain Inc generated FCF of $1.5 M. Marginal tax rate is 19%. Analysts estimate that its growth rate in the future would be stable at 3%, while it cost of capital will remain 10.3%. It has $5 M bonds outstanding and $7M invested in safe short-term investments (cash equivalent). If Brain Inc has 8.08 M shares outstanding, what is your estimate of its share price? [give your answer in $ with 2 decimal point precision]

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