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10. More on the corporate valuation model Praxis Corp. is expected to generate a free cash flow (FCF) of $13,420.00 million this year (FCF1 =

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10. More on the corporate valuation model Praxis Corp. is expected to generate a free cash flow (FCF) of $13,420.00 million this year (FCF1 = $13,420.00 million), and the FCF is expected to grow at a rate of 20.20% over the following two years (FCF2 and FCF3). After the third year, however, the FCF is expected to grow at a constant rate of 2.46% per year, which will last forever (FCF4). Assume the firm has no nonoperating assets. If Praxis Corp.'s weighted average cost of capital (WACC) is 7.38%, what is the current total firm value of Praxis Corp.? (Note: Round all intermediate calculations to two decimal places.) O $441,923.74 million $445,932.98 million $42,147.41 million O $368,269.78 million Praxis Corp.'s debt has a market value of $276,202 million, and Praxis Corp. has no preferred stock. If Praxis Corp. has 150 million shares of common stock outstanding, what is Praxis Corp.'s estimated intrinsic value per share of common stock? (Note: Round all intermediate calculations to two decimal places.) O $612.79 $1,841.35 O $613.79 $675.16

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