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A company is expected to have free cash flows of $2.9 million next year. The weighted average cost of capital is WACC = 8.6%, and

A company is expected to have free cash flows of $2.9 million next year. The weighted average cost of capital is WACC = 8.6%, and the expected constant growth rate is g = 5.7%. The company has $2 million in short-term investments, $2 million in debt, and 1 million shares. What is the stock's current intrinsic stock price?

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