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Robertson Corp is trying to determine the current value of one share in their company. They expect that their free cash flow will be $8,200,000.00,

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Robertson Corp is trying to determine the current value of one share in their company. They expect that their free cash flow will be $8,200,000.00, $6,300,000.00, $4,500,000.00, $3,400,000.00, and $8,700,000.00 for the next 5 years and will grow at the same rate as the industry thereafter. The weighted average cost of capital is 7.00% and the industry growth rate is 5.00%. The corporation has no debt but has $25,000,000.00 cash-on-hand and 23,000,000 shares. What is the price per share of Robertson Corp. today? $16,73 $13.62 $14.60 $16.36

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