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Year1234 Free Cash Flow$12 millionS18 million$22 million$26 milion Conundrum Mining is expected generate the above free cash flows over the next four years, after which

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Year1234 Free Cash Flow$12 millionS18 million$22 million$26 milion Conundrum Mining is expected generate the above free cash flows over the next four years, after which they are expected to grow at a rate of 4% per year. If the weighted average cost of capital is 12% and Conundrum has cash of $90 million, debt of $70 million, and 30 milion shares outstanding, what is Conundrum's expected current share price? QA $15.58 B $16.06 C. $12.66 OD $9.74

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