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Conundrum Mining is expected to generate the following free cash flows over the next four years, after which they are expected to grow at a

Conundrum Mining is expected to generate the following 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? Round to the nearest cent. Year 1 2 3 4 Free Cash Flow $12 million $18 million $22 million $26 million Question content area bottom Part 1 A. $10.84 B. $16.16 C. $13.72 D. $16.25 E. $17.15

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