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2 3 5 $32 million $30 million 1 $22 million 18) Year Free Cash Flow $29 million $26 million General Industries is expected to generate

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2 3 5 $32 million $30 million 1 $22 million 18) Year Free Cash Flow $29 million $26 million 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 5% per year. If the weighted average cost of capitalis 9% and General Industries has cash of $15 million debt of $45 million, and 80 million shares outstanding what is General Industries expected current share price? A) $7.78 B) $8.17 C) $9.34 D) $11.67

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