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Dayshawn Enterprises forecasts the free cash flows (in millions) shown below. The weighted average cost of capital is 12.0%, and the FCFs are expected to

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Dayshawn Enterprises forecasts the free cash flows (in millions) shown below. The weighted average cost of capital is 12.0%, and the FCFs are expected to continue growing at a 5.0% rate after Year 3. The company's balance sheet shows $140 million of notes payable, $250 million of long-term debt, $80 million of preferred stock, $100 million of retained earnings, and $200 million of total common equity. If the company has 10 million shares of stock outstanding, what is the best estimate of its price per share? 1 Year FCF 3 $65.0 -$5.0 $30.0 Arial 3 (12pt) T ABC T T T F Paragraph % La O fx Mashups T* T [ " HTML CSS Path: P Words:0

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