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

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Year Free Cash Flow 2 $18 million 4 $26 million $12 million $22 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. If the weighted average cost of capital is 12% and Conundrum has cash of $80 million, debt of $60 million, and 30 million shares outstanding, what is Conundrum's expected current share price? O A. $16.16 O B. $17.15 O C. $16.25 OD. $13.72 O E. $10.84

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