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A company is expecting to generate $3 million , $10 million and $15 million in free cash flows in the next three years. After 3

A company is expecting to generate $3 million , $10 million and $15 million in free cash flows in the next three years. After 3 years, the company is expecting its free cash flows to grow at a constant 5% per year forever. The firm has $40 million total in debt and preferred stock and has 10 million shares of common stocks outstanding. If the firms WACC (weighted average cost of capital) is 10%, what is its intrinsic value per share? $15.93 $21.89 $18.27 $27.35

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