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Assume a corporation is expecting the following cash flows in the future: $ 7 million in year 1 , $ 1 0 million in year

Assume a corporation is expecting the following cash flows in the future: $7 million in year 1, $10 million in year 2, $18 million in year 3. After year 3, the cash flows are expected to grow at a rate of 4% forever. The discount rate is 14%, the firm has debt totaling $44 million, and 11 million shares outstanding. What should be the price per share for this company?

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