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Consider a company that is forecasted to generate free cash flows of $29 million next year and $24 million the year after. After that, cash

Consider a company that is forecasted to generate free cash flows of $29 million next year and $24 million the year after. After that, cash flows are projected to grow at a stable rate of 1.7% in perpetuity. The company's cost of capital is 10.1%. The company has $36 million in debt, $10 million of cash, and 24 million shares outstanding. How much is each share worth? Round to one decimal place.

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