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Year 1234 Free Cash Flow$12 million$ 18 million$22 million$26 million Conundrum Mining is expected to generate the above free cash flows over the next four
Year 1234 Free Cash Flow$12 million$ 18 million$22 million$26 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 3% per year. If the weighted average cost of capital is 11% and Conundrum has cash of $85 million, debt of $70 million, and 30 million shares outstanding, what is Conundrum's expected current share price? O A. $9.81 OB. $15.69 O C. $16.18 O D. $12.75
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