IDX Technologies is a privately held developer of advanced security systems based in Chicago. As part of your business development strategy, in late $2008$ you initiate discussions with IDX's

founder about the possibility of acquiring the business at the end of $2008.$ Estimate the value of IDX per share using a discounted FCF approach and the following data:

Debt: $$27$ million

Excess cash: $$120$ million

Shares outstanding: $50$ million

Expected FCF in $2009$: $$43$ million

Expected FCF in $2010$: $$60$ million

Future FCF growth rate beyond $2010$: $6\%$

Weighted$-$average cost of capital: $9\mathrm{.}4\%$

The enterprise value in $2008$ is $ million. $($Round to the nearest integer.$)$