b)What should Flame Boilers expected share price be?

Please use the following information to answer both questions in this practice quiz. Year 1 2 3 Free Cash Flow $15 million $17 million $20 million Suppose Flame Boiler is expected to generate the above free cash flows over the next three years, after which the company is expected to grow at a rate of 3% per year. If the weighted average cost of capital is 8% and Flame Boiler has cash of $80 million, debt of $60 million, and 20 million shares outstanding a) What is Flame Boiler's terminal value? 412 Question 2 1 pts b). What should Flame Boiler's expected share price be