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You are working on the valuation for an upcoming lPO. The company that wants to sell its stock expects the following future free cash flows (FCF, in millions of dollars):

-6 in year 1, 7 in year 2, 17 in year 3, and cash flows are expected to grow steadily at 5.3% after year 3.

The discount rate for this company is 11.0%, and it plans to sell 7 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.:- M93047460

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