Question $6$

Suppose Company X is NOT expected to generate any free cash flows over the next $10$ years.

At the end of year $11,$ Company $x$ will finally generate a free cash flows of $$225$ million which

is then expected to grow at a rate of $6\mathrm{.}00\%$ per year forever. Company $x$ has $$70$ million of

debt, cash of $$125$ million, and $150$ million shares outstanding. With a weighted average cost

of capital of $8\mathrm{.}00\%,$ what is an estimate of Company X$\text{'}$s current stock price per share?

$$32\mathrm{.}53$

$$36\mathrm{.}04$

$$75\mathrm{.}37$

$$35\mathrm{.}11$