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A company is projected to generate free cash flow of $16 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 $16 million next year, projected to grow at a stable 1.3% rate in perpetuity. The company has $24.3 million of debt and $7.2 million of cash. Cost of capital is 8.2%. There are 5 million shares outstanding. How much should each share be worth according to your DCF analysis?

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