year 1 2 3 4 5 free cash flow $22 million $24 million $30 million $31 million $35 million xyz industries is expected to generate the above free cash flows over the next five years, after which free cash flows are expected to grow at a rate of 3% per year. if the weighted average cost of capital is 8% and xyz has cash of $18 million, debt of $35 million, and 74 million shares outstanding, what is general industries' expected current share price? enter you answer in millions and round to the nearest one-hundredth of a million dollars. do not include the dollar sign ($).
