Ch 09- Assignment-Stocks and Their Valuation 11. More on the corporate valuation model Smith and T Co. is expected to generate a free cash flow (FCF) of $7,810.00 million this year (FCF, $7,810.00 million), and the FCF is expected to grow at a rate of 26.20% over the following two years (FCF, and FCF). After the third year, however, the FCF is expected to grow at a constant rate of 4.26% per year, which will last forever (FCF). Assume the firm has no nonoperating assets. If Smith and T Co.'s weighted average cost of capital (WACC) is 12.78%, what is the current total firm value of Smith and T Co.? (Note: Round all intermediate calculations to two decimal places.) $175,556.71 million $155,344.70 million $23,345.09 million $129,453.92 million Smith and T Co.'s debt has a market value of $97,090 million, and Smith and T Co. has no preferred stock. If Smith and T Co. has 150 million shares t of common stock outstanding, what is Smith and T Co.'s estimated intrinsic value per share of common stock? (Note: Round all intermediate calculations to two decimal places.) $647.27 $215.76 $214.76 $237.34