Year 1 2 3 4 5 Free Cash Flow $21 million $25 million $30 million $31...

 

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Year 1 2 3 4 5 Free Cash Flow $21 million $25 million $30 million $31 million $34 million XYZ Industries is expected to generate the above free cash flows over the next five years, after which free cash flows are expected to grow at a rate of 2% per year. If the weighted average cost of capital is 7% and XYZ has cash of $13 million, debt of $40 million, and 73 million shares outstanding, what is General Industries' expected current share price? Round your answer to the nearest one-hundredth of a million. Do not include the dollar sign ($). Year 1 2 3 4 5 Free Cash Flow $21 million $25 million $30 million $31 million $34 million XYZ Industries is expected to generate the above free cash flows over the next five years, after which free cash flows are expected to grow at a rate of 2% per year. If the weighted average cost of capital is 7% and XYZ has cash of $13 million, debt of $40 million, and 73 million shares outstanding, what is General Industries' expected current share price? Round your answer to the nearest one-hundredth of a million. Do not include the dollar sign ($).