You estimate that a company's enterprise value is $70 million. If it has $10 million debt outstanding, $2 million in cash, and there are 5 million shares outstanding, what's the estimated value of each share? Round to the nearest cent. Hint: Use Eq. 4.13

You estimate that a company's enterprise value is $70 million. If it has $10 million debt outstanding, $2 million in cash, and there are 5 million shares outstanding, what's the estimated value of each share? Round to the nearest cent. Hint: Use Eq. 4.13