49.A company's free cash flow was just FCF0 = $1.5 million. The weighted average cost of capital is WACC = 10.1%, and the constant growth rate is g = 4%. What is the current value of operations?

$15.9 million

$19.2 million

$28.8 million

$25.6 million

50.A firm's free cash flow was just $1.00 million. If the expected long-run growth rate for this company is 5.4%, if the weighted average cost of capital is 11.4%, Lance has $4 million in short-term investments and $3 million in debt, and 1 million shares outstanding, what is the intrinsic stock price?

$12.18

$18.57

$20.12

$27.31