Question 8 (5 points) A company's free cash flow next year is expected to be $2.3 million and the free cash flow is expected to grow forever at a rate of 5.4% per year. The company's weighted average cost of capital is 9.4% per year and the market value of its debt is $23.6 million. If the company has four million shares of common stock outstanding, what is the intrinsic value per share? 1) $8.48 2) $8.94 3) $11.12 4) $10.32 5) $9.84