Use the Table for the Question(s)below

question 24

Multiple Choice

Use the table for the question(s) below.

-General 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 General Industries has cash of $10 million,debt of $40 million,and 80 million shares outstanding,what is General Industries' expected current share price?

• A)$6.60
• B)$6.72
• C)$7.67
• D)$9.48
• E)$10.53

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Definitions:

Female Population

The segment of a population that identifies as female, potentially considered in demographic studies, social policies, and economic analyses.

Employed Males

Employed males refer to the segment of the male population that is engaged in paid work or self-employment, contributing to the economy’s labor force.

Labor Productivity

Labor Productivity measures the efficiency and effectiveness of workers in producing goods or services within a given time frame.

Productivity Growth

The increase in the efficiency of production in an economy, often resulting in more output for the same input.