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11. More on the corporate valuation model = Ankh-Sto Associates Co. is expected to generate a free cash flow (FCF) of $4,835.00 million this
11. More on the corporate valuation model = Ankh-Sto Associates Co. is expected to generate a free cash flow (FCF) of $4,835.00 million this year (FCF, $4,835.00 million), and the FCF is expected to grow at a rate of 21.40% over the following two years (FCF, and FCF). After the third year, however, the FCF is expected to grow at a constant rate of 2.82% per year, which will last forever (FCF). Assume the firm has no nonoperating assets. If Ankh-Sto Associates Co.'s weighted average cost of capital (WACC) is 8.46%, what is the current total firm value of Ankh-Sto Associates Co.? (Note: Round all intermediate calculations to two decimal places.) $116,850.34 million $144,939.51 million $140,220.41 million $15,032.60 million Ankh-Sto Associates Co.'s debt has a market value of $87,638 million, and Ankh-Sto Associates Co. has no preferred stock. If Ankh-Sto Associates Co. has 150 million shares of common stock outstanding, what is Ankh-Sto Associates Co.'s estimated intrinsic value per share of common stock? (Note: Round all intermediate calculations to two decimal places.) $193.75 $584.25 $214.22 $194.75
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