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Oshawa Chemical Industries is awaiting the verdict from a court case over whether it is liable for the clean-up of wastes on a disused factory

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Oshawa Chemical Industries is awaiting the verdict from a court case over whether it is liable for the clean-up of wastes on a disused factory site. If it is liable, this will result in a reduction of its free cash flow by $29 million per year for 9 years. If it is not liable, there will be no effect. On the close of trading the day before the announcement of the verdict, Oshawa Chemicals was trading at $20 per share. Most investors calculate that there is a 100% chance that Oshawa Chemicals will have a verdict returned against them. One investor, Judy, has performed extensive research into the outcome of the trial and estimates that there is no chance Oshawa Chemicals will have a verdict returned against them. Given that Oshawa Chemicals has 69 million shares outstanding and an equity cost of capital of 12 % with no debt. Judy's estimate of the value of a share of Oshawa Chemicals would be how much more than the market price? Round to 2 decimal places. i.e. 1.00 for $1.00 more than the market price per share

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