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Consider a company that is forecasted to generate free cash flows of $22 million next year and $24 million the year after. After that, cash

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Consider a company that is forecasted to generate free cash flows of $22 million next year and $24 million the year after. After that, cash flows are projected to grow at a stable rate in perpetuity. The company's cost of capital is 11.5%. The company has $30 million in debt, $15million of cash, and 27 million shares outstanding. Using an exit multiple for the company's free cash flows (EV/FCFF) of 18 , how much is each share worth? Round to one decimal place

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