Year 1 2 3 4 5 Free Cash Flow $21 million $26 million $28 million...
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Year 1 2 3 4 5 Free Cash Flow $21 million $26 million $28 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 8% and XYZ has cash of $17 million, debt of $30 million, and 74 million shares outstanding, what is General Industries' expected current share price? Enter your answer in dollars and round to the nearest cent. Do not include the dollar sign ($)
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