Conundrum Mining is expected to generate the above free cash flows over the next four years, after which they are expected to grow at a rate of 5% per year. If the weighted average cost of capital is 12% and Conundrum has cash of $80 million, debt of $60 million, and 30 million shares outstanding, what is Conundrum's expected current share price?

Year	1	2	3	4
Free Cash Flow	$12 million	$18 million	$22 million	$26 million

	$16.16
	$16.25
	$10.84
	$17.15
	$13.72