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A company is projected to generate free cash flows of $174 million next year and $194 million at the end of year 2, after which

A company is projected to generate free cash flows of $174 million next year and $194 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 12.7%. It has $121 million worth of debt and $71 million of cash. There are 22 million shares outstanding. If the exit multiple for this company's free cash flows (EV/FCFF) is 7.1, what's your estimate of the company's stock price? Round to one decimal place.

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