DeVotto and Sons Inc. is a fast-growing company. Analysts project the following free cash flows (in millions) for the next 3 years: -$10 (t = 1); $30 (t = 2); and $50 (t = 3). After the first 3 years the firm is expected to grow at a constant 7%. The WACC of DeVotto and Sons Inc. is 13%. What is the value of operations (in millions) of DeVotto and Sons Inc.?

Group of answer choices

$667.27

$895.44

$468.80

$255.49

Using the information in question 6, assuming that DeVotto and Sons Inc. has $10 million in marketable securities, $100 million in debt, and 10 million shares of stock. What is the intrinsic value (price) per share of stock?

Group of answer choices

$57.73

$45.33

$36.80

$24.44