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Year 1 2 3 Free Cash Flow $12 million $18 million $22 milion $20 million Conundrum Mining is expected to generate the above free cash
Year 1 2 3 Free Cash Flow $12 million $18 million $22 milion $20 million Conundrum Mining is expected to generate the above free cash flows over the next four years, after which they are expected to grow at a rate of 5% per year it the weighted average cost of capital is 13% and Conundrum has cash of 590 million, debt of S65 milion, and 30 milion shares outstanding, what is Conundrun's expected current share prico? A $12.58 OB 515 48 C. $15.06 D. $9.67
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