1. Assume that today is December 31, 2022, and the following information applies to Xavier Airlines: After-tax operating income [EBIT (1 - T)] for the just ended year is $900 million. The depreciation expense for the just ended year was $140 million. The capital expenditure for the just ended year was $225 million. There was no change in net operating working capital from the previous year. Analysts estimate that Xaviers free cash flow is expected to grow on average, at a rate of 8% per year for the next 5 years after which growth is expected to moderate to 4% at a constant rate. The weighted average cost of capital (WACC) for Xavier is 10%. The market value of the company's debt is $2.875 billion. Xavier has 300 million shares of stock are outstanding. Using the corporate valuation model approach, what should be: a. The value of Xavier Airlines today (the firm)? b. The value of Xavier Airlines Common Equity? c. The intrinsic value of Xaviers stock price today?