Question: Allied Biscuit Co . is expected to generate a free cash flow ( F C F ) of $ 5 , 4 3 0 .

Allied Biscuit Co. is expected to generate a free cash flow (FCF) of $5,430.00 million this year million), and the FCF is expected to
grow at a rate of 26.20% over the following two years and {:FCF3). After the third year, however, the FCF is expected to grow at a constant rate of
4.26% per year, which will last forever (FCF4). Assume the firm has no nonoperating assets. If Allied Biscuit Co.'s weighted average cost of capital
(WACC) is 12.78%, what is the current total firm value of Allied Biscuit Co.?(Note: Round all intermediate calculations to two decimal places.)
$122,058.07 million
$108,005.41 million
$16,230.96 million
$90,004.51 million
Allied Biscuit Co.'s debt has a market value of $67,503 million, and Allied Biscuit Co. has no preferred stock. If Allied Biscuit Co. has 150 million shares
of common stock outstanding, what is Allied Biscuit Co.'s estimated intrinsic value per share of common stock? (Note: Round all intermediate
calculations to two decimal places.)
$149.01
$150.01
$165.01
$450.02
 Allied Biscuit Co. is expected to generate a free cash flow

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