Acme Corp. is expected to generate a free cash flow (FCF) of $1,315.00 million this year (FCF, = $1,315.00 million), and the FCF is expected to grow at a rate of 21.40% over the following two years (FCF, and FCF). After the third year, however, the FCF is expected to grow at a constant rate of 2.82% per year, which will last forever (FCF.). Assume the firm has no nonoperating assets. If Acme Corp.'s weighted average cost of capital (WACC) is 8.46%, what is the current total firm value of Acme Corp.? (Note: Round all intermediate calculations to two decimal places.) $31,780.34 million $4,088.50 million $38,136.41 million $39,419.88 million Acme Corp.'s debt has a market value of $23,835 million, and Acme Corp. has no preferred stock. If Acme Corp. has 675 million shares of common stock outstanding, what is Acme Corp.'s estimated intrinsic value per share of common stock? (Note: Round all intermediate calculations to two decimal places.) $11.77 $35.31 O $12.95 $10.77