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Lance Inc.'s free cash flow next year is expected to be $100, 000 . If the expected long-run growth rate for this company is 5.4%,
Lance Inc.'s free cash flow next year is expected to be $100, 000 . If the expected long-run growth rate for this company is 5.4%, if the weighted average cost of capital is 10.4%, Lance has $400, 000 in short-term investments and $300,000 in debt, and 100, 000 shares outstanding, what is the intrinsic stock price?
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