The Ralph Lauren Corporation (Ticker: RL) will report free cash flow of $600,000 at quarter end. The firm expects free cash flow to increase by 5% indefinitely, and the firm's weighted average cost of capital is 7%. What is the total value of RL today? Please use three decimals in your calculations (like the example problems), and please round your final answer to two decimal places. For example, your answers should be entered as 8.00%, 5.67%, $45.00, $45.88, etc. Do is never included in the stock price calculation. True False Overvalued stocks are priced at a good purchase point. O True False Holding everything else constant, a larger required return leads to a smaller present value or stock price. True False