Phoenix Corp. faltered in the recent recession but is recovering. Free cash flow has grown rapidly Forecasts made at the beginning of 2016 are as follows: Phoenix's recovery will be complete by 2021, and there will be no further growth in free cash flow Calculate the PV of free cash flow. assuming a cost of equity of 10% (Do not round intermediate calculations. Enter your answer in millions rounded to 2 decimal places.) Assume that Phoenix has 12 million shares outstanding what is the price per share? What is Phoenix's P/E ratio? (Do not round intermediate calculations. Round your answer to 2 decimal places.)