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Vaughn Inc.'s free cash flow was just $1.35 milion. If the expected long-run growth rate for this company is 6%, if the weighted average cost

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Vaughn Inc.'s free cash flow was just $1.35 milion. If the expected long-run growth rate for this company is 6%, if the weighted average cost of capital is 12%, Vaughn has $4 milion in short-term investments and $2 million in debt, $1 million in preferred stock, and 1 million shares outstanding, what is the intrinsic stock price? a $20.85 b. $16.85 c. $23.50 d. $24.85

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