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What is conundrum expected current share price

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Reference no: EM132961967

Problem - Conundrum Mining is expected to generate the above free cash flows over the next four years, after which they are expected to grow at a rate of 5% per year. If the weighted average cost of capital is 11%, and Conundrum has cash of $85 million, debt of $65 million, and 30 million shares outstanding, what is Conundrum's expected current share price?

a. $12.61.

b. $16.40.

c. $20.18.

d. $20.81.

Reference no: EM132961967

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