What is general industries expected current share price

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Reference no: EM132024301

Year : 1 2 3 4 5

Free Cash Flow: $23 million $27 million $28 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 3% per year. If the weighted average cost of capital is 10% and XYZ has cash of $11 million, debt of $43 million, and 79 million shares outstanding, what is General Industries' expected current share price?

Round to the nearest one-hundredth.

Reference no: EM132024301

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