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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
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 0.027. The firms discount rate is 0.072. If cash is $4.8 million, the market value of the firms debt is $12.8 million, and the number of shares outstanding is 6.7 million, estimate the share price using the Discounted free cash flow model.
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