LO eBook Scampini Technologies is expected to generate $50 million in free cash flow next year, and FCF is expected to grow at a constant rate of 8% per year indefinitely. Scampini has no debt or preferred stock, and its WACC is 15%, and it has zero nonoperating assets. If Scampini has 55 million shares of stock outstanding, what is the stock's value per share? Do not round intermediate calculations. Round your answer to the nearest cent. , according to the corporate valuation model. Each share of common stock is worth $ 10 N

Scampini Technologies is expected to generate $50 milion in free cash flow neat veac, and FCr is expected to grow at a constant rate of 8% per vear indefintely, Scampini has no. debt or perefreed stock, and its WACC is 15%, and 2 has zero nonoperating assets. If Scampini has 55 milien shares of stock outstanding, what is the stock's value per share? Do net round intermedlate calculations. Round your answer to the nearest cens. rach share of common stock is womt according to the corporate yaluatson medel