Question 8 Homework. Unanswered A company is projected to generate free cash flows of $57 million per year for the next two years, after which it is projected grow at a steady rate in perpetuity. The company's cost of capital is 8.7%. It has $29 million worth of debt and $4 million of cash. There are 19 million shares outstanding. If the exit multiple for this company's free cash flows (EV/FCFF) is 12, what's your estimate of the company's stock price? Round to one decimal place. Type your numeric answer and submit