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The forecast for Arctic Sled's free cash flows for next year is provided in the table. Assume that free cash flow is paid at the
The forecast for Arctic Sled's free cash flows for next year is provided in the table. Assume that free cash flow is paid at the end of each year and we are at the beginning of a year. Last year's values are for the year end yesterday. Analysts expect Arctic Sled's cash flow to remain constant at next year's level in perpetuity. The WACC for Arctic Sled is 9\%. What is the fair price for Arctic Sled's shares today? Round your answer to the nearest cent
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