Phoenix Corp. faltered in the recent recession but is recovering. Free cash flow has grown rapidly. Forecasts made in 2019 are as follows: Phoenix's recovery will be complete by 2024 , and there will be no further growth in net income or free cash flow (it will remain constant at $2.6 million after 2024 ). a. Calculate the PV of free cash flow, assuming a cost of equity of 9%. (Do not round intermediate calculations. Enter your answer millions rounded to 2 decimal places.) . Answer is complete but not entirely correct. Answer is complete but not entirely correct. b. Assume that Phoenix has 12 million shares outstanding. What is the price per share? (Do not round intermediate calculations: Round your answer to 2 decimal places.) Answer is complete but not entirely correct