QUESTION 47 A firms free cash flow in Year 1 is $2.5 million. If the expected long-run free cash flow growth rate for this company is 5%, the weighted average cost of capital is 11%. The company has $5 million in short-term investments and $3 million in debt, and 2 million shares outstanding, what is the estimated intrinsic stock price? $16.83 $18.57 $25.33 $28.59