1.Smith and T Co. is expected to generate a free cash flow (FCF) of $5,500.00 million this year (FCF = $5,500.00 million), and the FCF is expected to grow at a rate of 20.20% over the following two years (FCF and FCF). After the third year, however, the FCF is expected to grow at a constant rate of 2.46% per year, which will last forever (FCF). 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.)

A.$182,759.30 million

B.$181,116.17 million

C.$17,273.53 million

D.$150,930.14 million

2.Smith and T Co.s debt has a market value of $113,198 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.)

A.$99.62

B.$100.62

C.$110.68

D.$301.86