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A company is projected to generate free cash flows of $471 million next year, growing at a 4.3% rate until the end of year 3.

A company is projected to generate free cash flows of $471 million next year, growing at a 4.3% rate until the end of year 3. After that, cash flows are expected to grow at a stable rate of 2.9%. The company's cost of capital is 9.7%. The company owes $279 million to lenders and has $23 million in cash. If it has 186 million shares outstanding, what is your estimate for its share value? Round to one decimal place.

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