Demo Inc. is expected to generate a free cash flow (FCF) of $7,205.00 million this year (FCF = $7,205.00 million), and the FCF is expected to grow at a rate of 22.60% over the following two years (FCF and FCF). After the third year, however, the FCF is expected to grow at a constant rate of 3.18% per year, which will last forever (FCF). Assume the firm has no nonoperating assets. If Demo Inc.s weighted average cost of capital (WACC) is 9.54%, what is the current total firm value of Demo Inc.? (Note: Round all intermediate calculations to two decimal places.)

$187,018.72 million

$155,848.93 million

$197,871.09 million

$22,178.64 million

Demo Inc.s debt has a market value of $116,887 million, and Demo Inc. has no preferred stock. If Demo Inc. has 300 million shares of common stock outstanding, what is Demo Inc.s estimated intrinsic value per share of common stock? (Note: Round all intermediate calculations to two decimal places.)

$128.87

$389.62

$142.86

$129.87