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Ankh-Sto Associates Co. is expected to generate a free cash flow (FCF) of $3,800.00 million this year (FCF1 $3,800.00 million), and the FCF is expected
Ankh-Sto Associates Co. is expected to generate a free cash flow (FCF) of $3,800.00 million this year (FCF1 $3,800.00 million), and the FCF is expected to grow at a rate of 22.60% over the following two years (FCF2 and FCF3). After the third year, however, the FCF is expected to grow at a constant rate of 3.18% per year, which will last forever (FCF4). Assume the firm has no nonoperating assets. If Ankh-Sto Associates Co.'s weighted average cost of capital (WACC) is 9.54%, what is the current total firm value of Ankh-Sto Associates Co.? (Note: Round all intermediate calculations to two decimal places.) $104,359.53 million $98,635.86 million $82,196.55 million $11,697.27 million Ankh-Sto Associates Co.'s debt has a market value of $61,647 million, and Ankh-Sto Associates Co. has no preferred stock. If Ankh-Sto Associates Co. has 375 million shares of common stock outstanding, what is Ankh-Sto Associates Co.'s estimated intrinsic value per share of common stock? (Note: Round all intermediate calculations to two decimal places.) $53.80 $164.39 $54.80 $60.28
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