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11. More on the corporate valuation model 123 Warehousing is expected to generate a free cash flow (FCF) of $7,955.00 million this year (FCF1 =

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11. More on the corporate valuation model 123 Warehousing is expected to generate a free cash flow (FCF) of $7,955.00 million this year (FCF1 = $7,955.00 million), and the FCF is expected to grow at a rate of 25.00% over the following two years (FCF2 and FCF3). After the third year, however, the FCF is expected to grow at a constant rate of 3.90% per year, which will last forever (FCF4). Assume the firm has no nonoperating assets. If 123 Warehousing's weighted average cost of capital (WACC) is 11.70%, what is the current total firm value of 123 Warehousing? (Note: Round all intermediate calculations to two decimal places.) $189,580.03 million O $24,010.16 million O $142,811.62 million O $171,373.94 million 123 Warehousing's debt has a market value of $107,109 million, and 123 Warehousing has no preferred stock. If 123 Warehousing has 525 million shares of common stock outstanding, what is 123 Warehousing's estimated intrinsic value per share of common stock? (Note: Round all intermediate calculations to two decimal places.) $74.81 O $67.00 O $204.02 $68.00

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