Year 1 2 3 4 5 Free Cash Flow $21 million $25 million $28 million $32 million $32 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 6% and XYZ has cash of $12 million, debt of $48 million, and 72 million shares outstanding, what is General Industries' expected current share price? Answer in millions and round to the nearest cent.