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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 be $0. 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.

Instruction: Type ONLY your numerical answer in the unit of dollars, NO $ sign, NO comma, and round to one decimal places. E.g., if your answer is $7,001.56, should type ONLY the number 7001.6, NEITHER 7,001.6, $7001.6, $7,001.6, NOR 7002. Otherwise, Blackboard will treat it as a wrong answer.

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