8. More on the corporate valuation model Extensive Enterprise Inc. is expected to generate a free cash flow (FCF) of $14,420.00 million this year (FCF, = $14,420.00 million), and the FCF is expected to grow at a rate of 19.00% over the following two years (FCF, and FCF). After the third year, however, the FCF is expected to grow at a constant rate of 2.10% per year, which will last forever (FCE). Assume the firm has no nonoperating assets. If Extensive Enterprise Inc.'s weighted average cost of capital (WACC) is 6.30%, what is the current total firm value of Extensive Enterprise Inc.? (Note: Round all intermediate calculations to two decimal places.) $459,023.63 million $550,828.36 million $45,751.87 million $542,156.16 million Extensive Enterprise Inc.'s debt has a market value of $344,268 million and Extensive Enterprise Inc. has no preferred stock. If Extensive Enterprise Inc. has 450 million shares of common stock outstanding, what 8 Densive Enterprise Inc.'s estimated intrinsic value per share of common stock (Note: Round all intermediate calculations to two decimal places.) $255.01 $280.51 $765.04 $254.01