Demo Inc. is expected to generate a free cash flow $($FCF$)$ of $$7,105\mathrm{.}00$ million this year $($FCF$1=$$$7,105\mathrm{.}00$ million$),$ and the FCF is expected to grow at a rate of $20\mathrm{.}20\%$ over the following two years $($FCF$2$ and FCF$3).$ After the third year, however, the FCF is expected to grow at a constant rate of $2\mathrm{.}46\%$ per year, which will last forever $($FCF$4).$ If Demo Inc.$$s weighted average cost of capital $($WACC$)$ is $7\mathrm{.}38\%,$ what is the current total firm value of Demo Inc.?

a$.$ $$233,969\mathrm{.}28$ million

b$.$ $$22,314\mathrm{.}26$ million

c$.$ $$194,974\mathrm{.}40$ million

d$.$ $$236,091\mathrm{.}90$ million

$2.$ Demo Inc.$$s debt has a market value of $$146,231$ million, and Demo Inc. has no preferred stock. If Demo Inc. has $525$ million shares of common stock outstanding, what is Demo Inc.$$s estimated intrinsic value per share of common stock?

a$.$ $$92\mathrm{.}84$

b$.$ $$278\mathrm{.}53$

c$.$ $$91\mathrm{.}84$

d$.$ $$102\mathrm{.}13$