Consider a company that is forecasted to generate free cash flows of $20 million next year and $29 million the year after that. After that, cash flows are projected to grow at a stable rate in perpetuity. The company's cost of capital is 7.9%. The company has $61 million in debt, $15 million of cash, and 29 million shares outstanding. Using an exit multiple for the company's free cash flows (EV/FCFF) of 21, how much is each share worth?

Consider a company that is torecasted to generate free cash flows of $20 milion neat yoar and $20 milian the year afec Atice that, cash fows are projected to grew at a unable companyo tiee cash flowis [EVECFFi of 21. How much is esch share woth? Round to one decimal piace