11. More on the corporate valuation model Smith and T Co. is expected to generate a free cash flow (FCF) of $1,080.00 million this year (FCF. = $1,080.00 million), and the FCF is expected to grow at a rate of 20.20% over the following two years (FCFz and FCF:). 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 Smith and T Co.'s weighted average cost of capital (WACC) is 7.38%, what is the current total firm value of Smith and T Co.? (Note: Round all intermediate calculations to two decimal places.) $29,637.30 million O $35,564.76 million O $3,391.89 million O $35,887.42 million Smith and T Co.'s debt has a market value of $22,228 million, and Smith and T Co. has no preferred stock. If Smith and T Co. has 375 million shares of common stock outstanding, what is Smith and T Co.'s estimated intrinsic value per share of common stock? (Note: Round all intermediate calculations to two decimal places.) $19.76 O $59.28 $18.76 O $21.73