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You must estimate the intrinsic value of XYZ Inc. stock. Next year's expected free cash flow is $55.00 million, and it is expected to grow at a constant rate of 5.75% a year in future. The company's WACC is 14.0%, it has $135.0 million of long-term debt and $60.0 million of preferred stock outstanding. The company also has $53.33 million cash in hand. There are 23.0 million shares of common stock outstanding. What is the firm's estimated intrinsic value per share of common stock? $35.16$18.19$24.49$28.99$22.83