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QUESTION 5 Venice Surf Co. expects to generate free cash flows (in $ millions) over the next three years of $519, $605, and $786. In

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QUESTION 5 Venice Surf Co. expects to generate free cash flows (in $ millions) over the next three years of $519, $605, and $786. In addition, the terminal value of all free cash flows expected to be generated after Year 3 is $36,338. The company's nonoperating assets equal $380 and its nonoperating liabilities equal $3,938. There are 320 million shares outstanding. Estimate the value of each share of common stock using the free cash flow data provided, and assuming a discount rate of 7%. Present your answer to two decimal places (e.g., $20.00)

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