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  3. year 1 2 3 4 5 free cash flow $22 million $25 mill

Year 1 2 3 4 5 Free Cash Flow $22 million $25 million $30 million...

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Finance

Year 1 2 3 4 5 Free Cash Flow $22 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 1% per year. If the weighted average cost of capital is 7% and XYZ has cash of $13 million, a debt of $31 million, and 73 million shares outstanding, what is General Industries' expected current share price?

Round to the nearest one-hundredth.

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