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Irvin Enterprises is forecasting Free Cash Flow of $10 million next year. In Years 2, 3, and 4, FCF will grow by 10% each year.

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Irvin Enterprises is forecasting Free Cash Flow of $10 million next year. In Years 2, 3, and 4, FCF will grow by 10% each year. After Year 4, FCF will be constant. Irvin has Debt of $50 million and $10 million of Excess Cash. Their weighted average cost of capital is 11%, the company has 5 million shares outstanding. Calculate Irvin Enterprises share price. Please enter your answer to two (2) decimal places without dollar signs or commas. For example, $123.45 should be entered as 123.45

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