Jefferson Amalgamated has the following estimated free cash flows for the next 4 years: $4.5 million, $6 million, $7.2 million and $12 million. After the fourth year, free cash flow is projected to grow at a constant 6%. Jefferson's WACC is 12.0%: the market value of debt and prefferd stock is $15 million and it has 10.0 million shares outstandidng. What is the value of Jefferson Amalgmated per share?

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