1. Tropetech Inc. has an expected net operating profit after taxes, EBIT (1-T), of $11,700 million in the coming year. In addition, the firm is expected to have net capital expenditures of $1,755 million, and net operating working capital (NOWC) is expected to increase by $35 million. How much free cash flow (FCF) is tropetech Inc. expected to generate over the next year?

a. $9,980 million

b. $147,780 million

c. $13,420 million

d. $9,910 million

2. Tropetech Inc.'s FCFs are expected to grow at a constant rate of 5.70% per year in the future. The market value of Tropetech Inc.'s outstanding debt is $39,118 million, and preferred stocks' value is $21,732 million. Tropetech Inc. has 525 million shares of common stock outstanding, and its weighted average cost of capital (WACC) equals 17.10%. Using the preceding information and the FCF you calculated in the previous question, calculate the appropriate values in this table.( You can assume that the firm does not have any nonoperating asssets on its balance sheet)

Term	Value (Millions)
2a. Total Firm Value
2b.Value of Common Equity
2c.Intrinsic value per share

3. If Tropetech Inc. also had $237 million in marketable securities on its balance sheet, the intrinsic value per share would be _________?

Please show your answers. Thanks!