Estimate the intrinsic value of a stock using the following information:

Required Rate of Return: 9%

Growth rate of Free Cash Flow for the first 3 years: 5%

Growth rate of Free Cash Flow after 3 years: 3%

Beginning Free Cash Flow: $60,000,000

$1,061,008,132

$1,500,000,000

$1,166,505,462

$1,000,000,000

$151,877,680