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The cash flow for the firm s project is - $ 4 0 million in year 0 and $ 1 9 million in years 1

The cash flow for the firms project is -$40 million in year 0 and $19 million in years 1-4. After year 4, the FCF is expected to grow at a constant rate of 0.025. The firms discount rate is 0.061. If cash is $5.7 million, the market value of the firms debt is $12.3 million, and the number of shares outstanding is 5.3 million, estimate the share price using the Discounted free cash flow model.

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