Calculate the equity value per share of sandoys as of December 31, 2015 using a five year discounted cash flow analysis. Assume sandoys has a weighted average cost of capital of 10%, a perpetuity growth rate of 2.9%, net debt of $328mm, shares outstanding of 187mm and the following unlevered free cash flow projections (in millions of dollars):

2016E 2017E 2018E 2019E 2020E

Unlevered Free Cash Flow$286.88$316.00 $316.54$313.24 $318.08