$23$

$1$ point

An entire company being valued has free cash flows forecasted as shown and a terminal value of $$2,913,000.$ The cost of capital $($i$.$e$.,$ the required rate of return$)$ is $10\mathrm{.}66\%.$ If the total value is be determined from discounting the free cash flows and terminal value, and the debt claim against this company has a value of $$856,000,$ and there are $95,000$ shares of stock outstanding, how much is the pershare value of equity?

$\backslash$table$[[$Year $0,$Year $1,$Year $2,$Year $3,$Year $4,$Year $5],[$Initial Investment,$$246,000,$$$310,000,$$$364,000,$$$383,000,$$$403,000$