Business, 12.03.2021 21:10 kidwe2010

Lance Inc.'s free cash flow was just $1.00 million. If the expected long-run growth rate for this company is 5.4%, if the weighted average cost of capital is 11.4%, Lance has $4 million in short-term investments and $3 million in debt, and 1 million shares outstanding, what is the intrinsic stock price? a. $18.13 b. $18.57 c. $17.70 d. $19.01 e. $17.28

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Lance Inc.'s free cash flow was just $1.00 million. If the expected long-run growth rate for this co...