A
AcadiFi
Equity ValuationMedium

Solaris Energy reports net income of $85 million, depreciation of $22 million, capital expenditures of $35 million, and an increase in working capital of $8 million. The company has $200 million in debt outstanding at an average interest rate of 5%, and net borrowing during the year was $12 million. If the company has 50 million shares outstanding, what is the free cash flow to equity (FCFE) per share?