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Free Cash Flow $20 million $26 million $29 million $31 million $32 million XYZ Industries is expected to generate the above free cash flows over

image text in transcribed Free Cash Flow $20 million $26 million $29 million $31 million $32 million XYZ Industries is expected to generate the above free cash flows over the next five years, after which free cash flows are expected to grow at a rate of 5% per year. If the weighted average cost of capital is 7% and XYZ has cash of $15 million, debt of $44 million, and 73 million shares outstanding, what is General Industries' expected current share price? Enter your answer in dollars and round to the nearest cent. Do not include the dollar sign (\$)

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