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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 $9,400.00 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 $9,400.00 million this year (FCF= $9,400.00 million), and the FCF is expected to grow at a rate of 21.40% over the following two years (FCF and FCF3). After the third year, however, the FCF is expected to grow at a constant rate of 2.82% per year, which will last forever (FCFA). 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.) O $272,610.48 million O $227,175.40 million O $281,785.15 million O $29,225.75 million Ankh-Sto Associates Co.'s debt has a market value of $170,382 million, and Ankh-Sto Associates Co. has no preferred stock. If Ankh-Sto Associates Co. has 525 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.) O $107.18 O $119.00 O $108.18 O $324.54
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