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You are valuing a company that is projected to generate a free cash flow of $10 million next year, growing at a stable 3.0% rate in perpetuity thereafter. The company has $20 million of debt and $8 million of cash. Cost of capital is 10.0%. There are 50 million shares outstanding. How much is each share worth according to your valuation analysis? Round to one decimal place. Numeric Answer: You are asked to value Gamecocks Inc. using the relative valuation method. Gamecocks Inc.'s earnings forecast for next year (EPS (next year)) is $2.44. The valuation and earnings of comparable companies are provided below. What is your estimate for the company's stock price? Round to one decimal place. (Hint: Compute the corresponding valuation multiple of the comparables and take simple average across the three comparable companies. Then apply this average multiple to Gamecocks Inc.) Stock Price EPS (TTM) EPS (next year) EPS growth 5Y $18.3 $1.04 $1.22 5.1% B $26.3 $1.12 $1.42 6.9% $55.9 $2.11 $2.80 10.2% Numeric