FCF FCF Horizon Values Happy Fliers's debt has a market value of $32,634,356, and Happy Fliers has no preferred stock in its capital structure. If Happy Fiers has 500,000 shares of common stock outstanding, then the total value of the company's common equity is s and the estimated Intrinsic value per share of its common stock is s per share. Assume the following: The end of Year 3 differentiates Happy Flers's short-term and long-term FCF Professionally-conducted studies have shown that more than 80% of the average company's share price is attributable to long-term- rather than short-term-cash flows. Is the percentage of Happy Fliers's expected long-term cash flows consistent with the value cited in the professional studies? Yes, because 89.82% of the firm's share price is derived from its expected long-term free cash flows. No, because only 35.63% of the firm's share price is derived from its expected long-term free cash flows. No, because the percentage of Happy Fliers's expected long-term cash flows is actually 10.18%. Yes, because 79.04% of the firm's share price is derived from its expected long-term free cash flows