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se the table for the question ( s ) below. Year 1 2 3 4 Free Cash Flow $ 1 2 million $ 1 8

se the table for the question(s) below.
Year 1234
Free Cash
Flow $12 million $18 million $22 million $26 million
2) Conundrum Mining is expected to generate the above free cash flows over the
next four years, after which they are expected to grow at a rate of 5% per year. If
the weighted average cost of capital is 12% and Conundrum has cash of $80
million, debt of $60 million, and 30 million shares outstanding, what is
Conundrum's expected current share price?
A) $10.84
B) $13.72
C) $16.16
D) $16.25
E) $17.15

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