Firm AAA is a fast-growing company. Analysts project the following free cash flows (FCFs) during the next 3 years, after which FCF is expected to grow at 10% for another 3 years and thereafter it will grow at a constant 4% rate. The firm's weighted average cost of capital is WACC = 18%.

1. What is its terminal, or horizon, value?
2. What is the current value of Firm AAA s operations?
3. Suppose firm AAA has $10 million in marketable securities, $150 million in debt, $40 million in preferred stocks, and 10 million shares of common stock. What is the intrinsic price per share of common stock?