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I appreciate the typo in the second paragraph. Gave me a good chuckle:

    factory tycoon’s daughters
as opposed to the plural possessive "tycoons' daughters"

I actually think it's fine as it is. Each variation has slightly different meaning:

tycoon's daughters - the group of daughters, each of whom belongs to a tycoon

tycoons' daughters - the group of daughters, who are something that belongs to the whole class of tycoons

The choice really changes the extent to which it's the daughters or the tycoons being described.

You could certainly argue it's incorrect, but that's a philosophy of grammar that I think makes writing less interesting.

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