Question: question 4 please. how much is each share worth? Consider a company that is forecasted to generate free cash flows of $21 million next year

question 4 please. how much is each share worth?

Consider a company that is forecasted to generate free cash flows of $21 million next year and $26 million the year after. After that, cash fiows are projected to grow at a stable rate in perpetuity. The company's cost of capital is 10.6%. The company has $40 million in debt, $19 million of cash, and 16 million shares outstanding. Using an exit multiple for the company's free cash flows (EV/FCFF) of 19 , how much is each share worth? Round to one decimal place

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