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You are given the following information for a firm: Free Cash Flow = $ 5 0 million Corporate Tax Rate = 4 0 % Debt

You are given the following information for a firm:
Free Cash Flow = $50 million
Corporate Tax Rate =40%
Debt Equity Ratio =0.6
Growth Rate of FCF =3%
Equity Beta =1.2
Risk Free Rate =2.4%
Market Risk Premium =6%
Debt Outstanding = $50 M
Using the above data, if there are 3 M shares outstanding, what is the value per share?

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