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  1. business
  2. accounting
  3. year 1 2 3 4 5 free cash flow $23 million $26 mill

Year 1 2 3 4 5 Free Cash Flow $23 million $26 million $29 million...

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Accounting

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Year 1 2 3 4 5 Free Cash Flow $23 million $26 million $29 million $32 million $33 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 10% and XYZ has cash of $15 million, debt of $33 million, and 72 million shares outstanding, what is General Industries' expected current share price? Answer in millions and round to the nearest cent

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