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1)Year 1 2 3 4 5 Free Cash Flow $21 million $27 million $29 million $31 million $34 million XYZ Industries is expected to generate

1)Year 1 2 3 4 5 Free Cash Flow $21 million $27 million $29 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 2% per year. If the weighted average cost of capital is 10% and XYZ has cash of $14 million, debt of $47 million, and 61 million shares outstanding, what is General Industries' expected current share price?

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