Company X faltered in the recent recession but is recovering. Free cash flow has grown rapidly. Forecasts made in 2016 are as follows:

($ millions)	2017	2018	2019	2020	2021
Net Income	1	2	3.2	3.7	4
Investment	1	1	1.2	1.4	1.4
Free Cash Flow	0	1	2	2.3	2.6

Company Xs recovery will be complete by 2021 and there will be no further growth (growth rate will be 0%) thereafter in free cash flow. By 2016, the company is financing its 10 million asset with 30% debt and 70% equity. The cost of equity is 10% ,cost of debt is 6% and the tax rate is 40%.

1. If the company has 10 million outstanding shares, please calculate the price per share of the company.