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A company generated free cash flow of 544 million during the past year. Free cash flow is expected to increase 5% over the next year

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A company generated free cash flow of 544 million during the past year. Free cash flow is expected to increase 5% over the next year and then at a stable 2.5% rate in perpetuity thereafter. The company's cost of capital is 11.1%. The company has $432 million in debt, $32 million of cash, and 32 million shares outstanding. What's the value of each share? a. 10.7 b. 15.1 C. 43 d. 26.7 e. 22.7

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