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Company A is thinking of acquiring Company B , a similar firm that boasts an industry leading sales force. Estimated free cash flows for Company

Company A is thinking of acquiring Company B, a similar firm that boasts an industry leading sales force. Estimated free cash flows for Company B are expected to be $1.20 million annually for the next 5 years, and $800000 annually every year thereafter. The appropriate discount rate is 12%.
If Company B currently has $3900000 debt outstanding and 1,000,000 shares outstanding, what should their price per share be?
Round your answer to 2 decimal places.

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