Hallowell Inc. has free cash flow of $2.5 million and 1.25 million shares outstanding. If you believe the price to cash flow ratio for this company should be 11, what is the highest price you should pay for the stock?
A) $13.75
B) $22.00
C) $22.72
D) $27.50
Answer: B
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B) physical duress is present. C) economic duress is present. D) all of these.