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FCF estimates: 1 1 2 2 3 4 Year: 12 18 22 2 26 Free Cash Flow, $ millions Colonial Inc. is expected to generate

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FCF estimates: 1 1 2 2 3 4 Year: 12 18 22 2 26 Free Cash Flow, $ millions Colonial Inc. is expected to generate the above free cash flows over the next four years, after which FCFs are expected to grow at a rate of 5% per year. If the weighted average cost of capital is 11% and Colonial has cash of $50 million, debt of $70 million, and 29 million shares outstanding, what is Colonial's expected current share price? Answer in dollars and cents. Do not include a $ sign

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