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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 $12,145.00 million this year (FCF=
11. More on the corporate valuation model Ankh-Sto Associates Co. is expected to generate a free cash flow (FCF) of $12,145.00 million this year (FCF= $12,145.00 million), and the FCF is expected to grow at a rate of 23.80% over the following two years (FCF2 and FCF3). After the third year, however, the FCF is expected to grow at a constant rate of 3.54% 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 10.62%, what is the current total firm value of Ankh-Sto Associates Co.? (Note: Round all intermediate calculations to two decimal places.) O $238,117.54 million $285,741.05 million O $309,233.24 million O $37,017.28 million Ankh-Sto Associates Co.'s debt has a market value of $178,588 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.) $436.55 $395.86 $1,190.59 $396.86
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