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general industries is expected to generate $22 million, $26 million, $29 million, $30 million, and $32 million in free cash flows over the next five
general industries is expected to generate $22 million, $26 million, $29 million, $30 million, and $32 million in free cash flows over the next five years, after which free cash flows are expected to grow at a rate of 3% per year. If the weighted average cost of capital is 8%, and General Industries has cash of $10 million, debt of $40 million, and $80 million shares outstanding, what is General Industries' expected current share price?
A) 6.60
B) 6.72
C) 7.67
D) 9.48
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