Year1234\ 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

7%

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 terminal enterprise value at year 4 ?\ A.

$612

million\ B.

$556.4

million\ C.

$639.9

million\ D.

$500.8

million

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 7% 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 terminal enterprise value at year 4 ? A. $612 million B. $556.4 million C. $639.9 million D. $500.8 million 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 7% 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 terminal enterprise value at year 4 ? A. $612 million B. $556.4 million C. $639.9 million D. $500.8 million