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A firm is expected to have free cash flows ( FCF ) of $ 1 8 million over the coming year. The FCF are expected

A firm is expected to have free cash flows (FCF) of $18 million over the coming year. The FCF are expected to grow at a constant rate of 4%/year, and the weighted average cost of capital (WACC or rWACC) is 13%/year.
The firm has debt of $65 million, preferred stock of $20 million, and $25 million in cash and other short-term investments. If the firm has 875,000 shares outstanding, what is the share price?
Express your answer in dollars and cents.

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