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The cash flow for the firm's project is $40 million in year 0 and $19 million in years 14. After year 4 , the FCF

image text in transcribed The cash flow for the firm's project is $40 million in year 0 and $19 million in years 14. After year 4 , the FCF is expected to grow at a constant rate of 0.024 . The firm's discount rate is 0.075 . If cash is $4.3 million, the market value of the firm's debt is $13.0 million, and the number of shares outstanding is 5.1 million, estimate the share price using the Discounted free cash flow model. Instruction: Type ONLY your numerical answer in the units of dollars, NO \$ sign, NO comma, and round to two decimal places. E.g., if your answer is \$7,001.56, should type ONLY the number 7001.56, NEITHER 7,001.6, \$7001.6, \$7,001.6, NOR 7002. Otherwise, Blackboard will treat it as a wrong

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