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Year 0 1 2 3 4 FCF ($ million) -30 25 25 25 25 FCF for firm Canyon Shopping Center (CSC) is listed in the

Year 0 1 2 3 4

FCF ($ million) -30 25 25 25 25

FCF for firm Canyon Shopping Center (CSC) is listed in the table above. After year 4 FCF is expected to grow at a constant rate of 2%. The weighted average cost of capital for CSC is 7%. If cash = $10 million, the market value of ASCs debt = $35 million, and the number of shares outstanding is 5 million, estimate the share price.

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