13. You have performed a corporate valuation on Juniper Co. and estimate that the intrinsic value per share of Juniper is $38. However, the actual market price per share of the company's common stock is $27. In your analysis you assumed that after year 4, Juniper's free cash flow would grow at a constant rate of g. Which of the following is the most likely reason that your intrinsic value estimate is greater than the market price? a. Your estimate of the weighted average cost of capital is higher than the market's estimate. b. Your estimates of Juniper's year 1 through 4 free cash flows are lower than the market's estimates. Your estimate of g. the growth rate of free cash flow after year 4, is higher than the market's expectation of g. d. You believe that Juniper is riskier than the market does. e. both a and d