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Ankh - Sto Associates Co . is expected to generate a free cash flow ( FCF ) of $ 4 , 8 3 5 .

Ankh-Sto Associates Co. is expected to generate a free cash flow (FCF) of $4,835.00 million this year (FCF= $4,835.00 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 Ankh-Sto Associates Co.s weighted average cost of capital (WACC) is 8.46%, what is the current total firm value of Ankh-Sto Associates Co.?
  
Ankh-Sto Associates Co.s debt has a market value of $87,638 million, and Ankh-Sto Associates Co. has no preferred stock. If Ankh-Sto Associates Co. has 150 million shares of common stock outstanding, what is Ankh-Sto Associates Co.s estimated intrinsic value per share of common stock?
  

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