Use the Table for the Question(s)below

question 94

Multiple Choice

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

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