The Big Dream Venture is considering going public and is looking to find the right stock price (intrinsic value). It is estimated that their free cash flow will be 3 million dollars next year and it will be at a constant growth rate of 6% forever. The venture also owes 10 million dollars in debt. They also have 2 million dollars surplus cash. If the number of outstanding shares is 1 million and the appropriate cost of capital is 10%, what should be the share price apiece?

Question 12 options:

	$75.
	$30.
	$65.
	$77.
	$300.
	$67.