QUESTION 9 A discounted cash flow is O a present value O a cash flow that is unlikely to occur O a cash flow that flows out of the firm a cash flow that results from the firm taking depreciation expense QUESTION 10 A stock recently paid a $1.20 dividend, expected to grow at 396 for the foreseeable future. If the required return on the stock is 11%, what is the intrinsic value of the stock? $15.45 $21.22 $36.21 $16.97 none of these