11) General 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 8% and General Industries has cash of $10 million, debt of $40 million, and 80 million shares outstanding, what is General Industries expected current share price?

A) $6.60 B) $6.72 C) $7.67 D) $9.48 E) $10.53