19. You believe a company will deliver Enterprise Free Cash Flows of GBP 1,400 Mn at the end of the current year, GBP 1,560 Mn at the end of the year after and thereafter you expect the cash flows to grow at 4%. If there are 2,000 Mn shares in issue, the company's debt is valued at GBP 20,000 Mn and its weighted average cost of capital is 10%, then a fair value for each share would be: 2.45 4.82 14.82 3.59 1.44