Find the share value for a company with the following information:

• Free cash flow in 2021 is expected to be $90,000
• Free cash flow in 2022 is expected to be $95,000
• Free cash flow in 2023 is expected to be $100,000
• Estimated growth rate of cash flows beyond 2023 = 2.75%
• The companys WACC is 9.5%, and they have $0.5mm of debt
• The company has 50,000 shares outstanding
• They pay quarterly dividends of $.35
• Other companies are selling at P/E ratios of 12 times

1. What is the share value using the free cash flow valuation method?
2. What is the share value using another valuation method?