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A company is projected to generate free cash flows of $176 million next year and $193 million at the end of year 2, after which
A company is projected to generate free cash flows of $176 million next year and $193 million at the end of year 2, after which it is projected grow at a steady rate in perpetuity. The company's cost of capital is 13.1%. It has $114 million worth of debt and $74 million of cash. There are 21 million shares outstanding. If the terminal EV/FCFF exit multiple at the end of year 2 is 7.4, what's your estimate of the company's share value? Round to one decimal place.
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