QUESTION $14$

Refer to Narrative $1.$ If the firm uses all the excess cash to pay a dividend today, and uses all of the expected future FCFs to pay dividends, what is the cumdividend price per share of the XYZ Corporation?

$\frac{15\mathrm{.}33}{?}$ share

$\frac{70\mathrm{.}00}{?}$ share

$45\mathrm{.}25/$ share

$$\frac{25\mathrm{.}20}{?}$ share