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Year 1 2 3 4 Free Cash Flow $12 million $18 million $22 million $26 million Conundrum Mining is expected to generate the above free

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Year 1 2 3 4 Free Cash Flow $12 million $18 million $22 million $26 million Conundrum Mining is expected to generate the above free cash ows over the next four years, after which they are expected to grow at a rate of 6% per year. If the weighted average cost of capital is 13% and Conundrum has cash of $90 million, debt of $65 million, and 30 million shares outstanding. what is Conundrum's expected current share price? 0 A. $17.19 C) B. $17.73 0 c. $13.97 0 D. $10.75

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