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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
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 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? O A. $17.19 B. $17.73 O C. $13.97 O D. $10.75
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