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Suppose market participants suddenly learn that a company's expected free cash flow will be $142,000 less than originally anticipated in each of the next 9

Suppose market participants suddenly learn that a company's expected free cash flow will be $142,000 less than originally anticipated in each of the next 9 years. For calculation purposes, you may assume the first of these cash flow changes occurs exactly one year from today. If the company's cost of equity capital is 16%, there are 668,000 shares of stock outstanding, and the company has no debt, how much will the share price drop when the new information is recognized? Assume efficient markets. Enter a positive number rounded to the nearest penny.

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