call premium, the required rate of return would decline.call premium, the A company is expected to have free cash flows of $$0\mathrm{.}75$ million next year. The weighted average cost of capital is WACC $=10\mathrm{.}5\%,$ and the expected constant growth rate is g $=6\mathrm{.}4\%.$ The company has $$2$ million in short$-$term investments, $$2$ million in debt, and $1$ million shares. What is the stock's current intrinsic stock price?