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XYZ Industries is expected to generate the above free cash flows over the next five years, after which free cash flows are expected to grow
XYZ Industries is expected to generate the above free cash flows over the next five years, after which free cash flows are expected to grow at a rate of 1% per year. If the weighted average cost of capital is 7% and XYZ has cash of $14 million, debt of $42 million, and 60 million shares outstanding, what is General Industries' expected current share price? Enter you answer in millions and round to the nearest one-hundredth of a million dollars. Do not include the dollar sign (\$)
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