What should be the price per share

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Reference no: EM131524848

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.

Reference no: EM131524848

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