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Optimized Co. has a current period cash flow of $1.1 million and pays no dividends. The present value of the company's future cash flows is

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Optimized Co. has a current period cash flow of $1.1 million and pays no dividends. The present value of the company's future cash flows is $13 million. The company is entirely financed with equity and has 610,000 shares outstanding. Assume the dividend tax rate is zero. a. What is the share price of the company's stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. Share price $ 22.38 X

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