You are about to take over a car leasing company with Free Cash Flow to the Firm projected to be $9 million at the end of the next year. This is expected to grow by 2% in the following year, and forever thereafter. The firm owes the bank $20 million and has just lost a lawsuit making it liable to pay the complainant $5 million. The appropriate risk adjusted annual discount rate is 10%. How much is this company worth per share if there are 2 million shares outstanding?

Select one:

a. $39.03

b. $35.76

c. $43.75

d. $41.88