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Year 0 1 2 3 4 FCF ($ million) 25 30 35 40 FCF for firm Amarillo Shopping Center (ASC) is listed in the table

Year

0

1

2

3

4

FCF ($ million)

25

30

35

40

FCF for firm Amarillo Shopping Center (ASC) is listed in the table above. After year 4 FCF is expected to be $0. The weighted average cost of capital for ASC is 7%. If cash = $5 million, the market value of ASCs debt = $45 million, and the number of shares outstanding is 20 million, estimate the share price.

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