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Lance Inc.'s free cash flow was just $5.00 million. If the expected long-run growth rate for this company is 2%, if the weighted average cost
Lance Inc.'s free cash flow was just $5.00 million. If the expected long-run growth rate for this company is 2%, if the weighted average cost of capital is 14%, Lance has $8 million in short-term investments and $10 million in debt, and 1 million shares outstanding, what is the intrinsic stock price? Question options: $40.50 $37.70 $38.57 $32.56 $29.13
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