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Company ZZZ is an all - equity firm with 1 , 0 0 0 , 0 0 0 shares outstanding. Company ZZZ currently has a

Company ZZZ is an all-equity firm with 1,000,000 shares outstanding. Company ZZZ currently has a cash flow of $10,000,000 USDs and expects future free cash flows of $10,000,000 per year. Management plans to use the cash to expand the firm's operations, which will in turn increase future cash free cash flows to $30,000,000 per year. If the cost of capital of Company ZZZ's investments is 4%, calculate the stock price if the company decides to use the cash for a share repurchase rather than the expansion. Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an answer."

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