Gary's Meat Market is expected to have FCF₁ = $750,000.

Gary's cost of equity is 11.00% and their weighted average cost of capital is WACC = 10.5%. The company has an expected constant growth rate of g = 6.4%. Gary's has $2 million in short-term investments, $2 million in debt, and 1 million shares outstanding.

What is Gary's stock's current intrinsic stock price?

Group of answer choices

22.32

17.93

16.30

18.29

19.37