QUESTION 20 A company is projected to generate free cash flow of $12 million next year, projected to grow at a stable 2.4% rate in perpetuity. the company has $28.9 million of debt and $3.7 million of cash. Cost of capital is 13.9%. There are 5 million shares outstanding. How much should each share be worth according to your DCF analysis? O a. $21.8 b. $12.9 O c. $18.3 O d. $26.6 O e. $15.8

A company is projected to generate free cash flow of $12 million next year, projected to grow at a of debt and $3.7 million of cash. Cost of capital is 13.9%. There are 5 million shares outstanding. analysis? a. $21.8 b. $12.9 c. $18.3 d. $26.6 e. $15.8