In which of the situation can you most likely trust IRR to make capital budgeting decisions? Comparing mutually exclusive projects Cash flows that change sign more than twice Conventional cash flows with only 1 change of sign Question 20 (4 points) You use multi-stage valuation to determine a stock's fair price. Here is a stock that JUST booked free cash flow to equity per share of $50. You expect it to grow at 5% first for 5 years, then at 2% for 10 years, and finally stays constant from then on forever. The stock has required rate of return at 12%. What is the fair price of the stock