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You are trying to value a company that has $ 6 0 0 million of debt, $ 4 0 million of cash, and 8 0

You are trying to value a company that has $600 million of debt, $40 million of cash, and 80 million shares outstanding. Your estimate of its cost of capital is 12%. You forecast that the company will generate free cash flows of $150 million and $200 million over the next two years, after which its free cash flows are projected to grow at a stable rate in perpetuity. Projected terminal EV/FCFF exit multiple is 10. What is your estimate of its share value? Round to one decimal place.

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