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You are working on the valuation for an upcoming IPO. The company that wants to sell its stock expects the following future free cash flows (FCF, in millions of dollars): -2 in year 1, 6 in year 2, 20 in year 3, and cash flows are expected to grow steadily at 6% after year 3. The discount rate for this company is 11.8%, and it plans to sell 11 million shares. What should be the price per share?

Enter your answer in terms of dollars, rounded to cents (maximum of 2 decimals), and without the dollar ($) sign.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92333574

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