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A company is projected to generate free cash flow of $12 million next year, projected to grow at a stable 1.3% rate in perpetuity. The

A company is projected to generate free cash flow of $12 million next year, projected to grow at a stable 1.3% rate in perpetuity. The company has $23.6 million of debt and $11.8 million of cash. Cost of capital is 8.3%. There are 6 million shares outstanding. how much should each share be worth according to your DCF analysis?

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