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

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Year Free Cash Flow 1 $12 million 2 $18 million 3 $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 12% and Conundrum has cash of $90 million, debt of $65 million, and 30 million shares outstanding, what is Conundrum's expected current share price? O A. $14.92 B. $14.47 OC. $9.04 OD. $11.76

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