Use the table for the question(s) below.

-Conundrum Mining is expected to generate the above free cash flows over the next four years,after which they are expected to grow at a rate of 5% per year.If the weighted average cost of capital is 12% and Conundrum has cash of $80 million,debt of $60 million,and 30 million shares outstanding,what is Conundrum's expected current share price?
A) $10.84
B) $13.72
C) $16.16
D) $16.25
E) $17.15
Correct Answer:
Verified
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