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

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Year Free Cash Flow 1 $12 million 2 $18 million 3 $22 million 4 $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 13% and Conundrum has cash of $85 million, debt of $60 million, and 30 million shares outstanding, what is Conundrum's expected current share price? O A. $13.48 B. $13.08 O C. $8.17 OD. $10.62

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